



By Leika Kihara and Takahiko Wada
TOKYO (Reuters) - The Bank of Japan is putting more emphasis on an inflation gauge that excludes fuel costs, and will likely raise its projections for the index's growth in quarterly forecasts due this month, said three sources familiar with its thinking.
The upgrade would underscore the central bank's growing conviction that robust domestic demand will allow firms to raise prices, and keep inflation sustainably around its 2% target in coming years.
But the upward revision alone was unlikely to trigger an immediate interest rate rise, because many BOJ officials saw a need to scrutinise the outcome of annual spring wage negotiations and the fallout from U.S. interest rate hikes, the sources said.
"Price rises are broadening more than initially expected, a trend that could continue if wages rise enough," one of the sources said.
"When stripping away one-off factors like government subsidies, trend inflation appears to be gaining momentum," another source said, expressing a view echoed by the third.
The BOJ has traditionally used core consumer inflation, which excludes the effect of fresh food but includes energy costs, as a key gauge in producing forecasts and guiding policy.
But in April it also began issuing forecasts for "core-core" consumer inflation, which strips away the effect of both fresh food and energy costs, to better grasp the broad price trend driven by domestic demand.
With government fuel subsidies and scheduled utility bill hikes muddling this year's price outlook, the BOJ was now focusing more on the core-core index in determining whether Japan could achieve sustained price rises, the sources said.
In fresh quarterly projections due this month, the BOJ would probably raise its core-core inflation forecasts for the current fiscal year ending in March and fiscal 2023, they said.
It might also slightly upgrade the forecast for fiscal 2024, depending on how the board viewed prospects for wage growth, the sources said.
The upgrades, which would push the outlook for core-core inflation closer to the BOJ's 2% target, will likely keep alive market expectations the central bank will phase out its ultra-loose policy when Governor Haruhiko Kuroda's second five-year term ends in April.
In current forecasts, made in October, the board projects the average level of the core-core consumer price index this fiscal year will be 1.8% higher than in fiscal 2021. It expects fiscal 2023 and fiscal 2024 each to show rises in the index of 1.6%.
EUR/USD
1.1000
+0.0010 (+0.09%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (9)
Sell (1)
EUR/USD
1.1000
+0.0010 (+0.09%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (9)
Sell (1)
GBP/USD
1.2706
+0.0013 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
USD/JPY
147.07
-0.41 (-0.28%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (6)
AUD/USD
0.6656
+0.0008 (+0.12%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (0)
USD/CAD
1.3567
-0.0007 (-0.05%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (10)
EUR/JPY
161.78
-0.34 (-0.21%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (6)
EUR/CHF
0.9650
-0.0002 (-0.02%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (1)
Sell (7)
Gold Futures
2,043.00
+1.40 (+0.07%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
Silver Futures
25.070
+0.025 (+0.10%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (5)
Copper Futures
3.8505
+0.0027 (+0.07%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (6)
Sell (3)
Crude Oil WTI Futures
76.61
+0.04 (+0.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Brent Oil Futures
81.47
+0.02 (+0.02%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (4)
Natural Gas Futures
2.795
+0.007 (+0.25%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (1)
Sell (2)
US Coffee C Futures
172.53
+3.48 (+2.06%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (11)
Euro Stoxx 50
4,347.25
-7.16 (-0.16%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (8)
Sell (0)
S&P 500
4,554.89
+4.46 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
DAX
15,992.67
+26.30 (+0.16%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (5)
Sell (0)
FTSE 100
7,455.24
-5.46 (-0.07%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (7)
Hang Seng
17,383.50
-145.50 (-0.83%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (4)
Sell (3)
US Small Cap 2000
1,792.55
-8.60 (-0.48%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (5)
IBEX 35
10,003.40
+67.30 (+0.68%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (8)
BASF SE NA O.N.
42.705
-0.490 (-1.13%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (7)
Bayer AG NA
30.56
-1.11 (-3.49%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
Allianz SE VNA O.N.
230.55
+0.05 (+0.02%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (4)
Sell (3)
Adidas AG
186.66
+1.42 (+0.77%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (7)
Deutsche Lufthansa AG
7.787
+0.064 (+0.83%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (8)
Siemens AG Class N
151.42
+1.18 (+0.79%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Deutsche Bank AG
11.090
+0.038 (+0.34%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
EUR/USD | 1.1000 | ↑ Buy | |||
GBP/USD | 1.2706 | ↑ Buy | |||
USD/JPY | 147.07 | ↑ Sell | |||
AUD/USD | 0.6656 | ↑ Buy | |||
USD/CAD | 1.3567 | ↑ Sell | |||
EUR/JPY | 161.78 | ↑ Sell | |||
EUR/CHF | 0.9650 | ↑ Sell |
Gold | 2,043.00 | ↑ Buy | |||
Silver | 25.070 | Neutral | |||
Copper | 3.8505 | ↑ Buy | |||
Crude Oil WTI | 76.61 | ↑ Buy | |||
Brent Oil | 81.47 | Sell | |||
Natural Gas | 2.795 | Neutral | |||
US Coffee C | 172.53 | ↑ Sell |
Euro Stoxx 50 | 4,347.25 | ↑ Buy | |||
S&P 500 | 4,554.89 | ↑ Buy | |||
DAX | 15,992.67 | Buy | |||
FTSE 100 | 7,455.24 | ↑ Sell | |||
Hang Seng | 17,383.50 | Buy | |||
Small Cap 2000 | 1,792.55 | Sell | |||
IBEX 35 | 10,003.40 | ↑ Sell |
BASF | 42.705 | Sell | |||
Bayer | 30.56 | ↑ Sell | |||
Allianz | 230.55 | ↑ Buy | |||
Adidas | 186.66 | Sell | |||
Lufthansa | 7.787 | ↑ Sell | |||
Siemens AG | 151.42 | ↑ Buy | |||
Deutsche Bank AG | 11.090 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 7,250/ 7,350 (0/ 0) # 1,425 |
SJC HCM | 7,250/ 7,350 (0/ 0) # 1,423 |
SJC Hanoi | 7,250/ 7,352 (0/ 0) # 1,425 |
SJC Danang | 7,250/ 7,352 (0/ 0) # 1,425 |
SJC Nhatrang | 7,250/ 7,352 (0/ 0) # 1,425 |
SJC Cantho | 7,250/ 7,352 (0/ 0) # 1,425 |
Cập nhật 29-11-2023 06:18:28 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$2,041.48 | +26.13 | 1.30% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 23.710 | 24.180 |
RON 95-III | 23.020 | 23.480 |
E5 RON 92-II | 21.690 | 22.120 |
DO 0.05S | 20.280 | 20.680 |
DO 0,001S-V | 21.680 | 22.110 |
Dầu hỏa 2-K | 20.940 | 21.350 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $76.67 | +1.38 | 0.02% |
Brent | $81.43 | +1.37 | 0.02% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 24.050,00 | 24.420,00 |
EUR | 25.848,91 | 27.268,27 |
GBP | 29.811,30 | 31.080,78 |
JPY | 158,66 | 167,95 |
KRW | 16,20 | 19,64 |
Cập nhật lúc 06:14:14 29/11/2023 Xem bảng tỷ giá hối đoái |