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People around the world flocked to Apple stores on Friday morning to pick up the new generation of iPhones.

• Underlying inflation is still below 2% but approaching that level
• Need to be mindful of downside risks to prices from tariffs
• We want to look at more data
• Want to scrutinise the data amid high uncertainties from trade policies on the economy
• We plan to proceed with ETF, J-REIT sales until they are fully disposed
• Not considering changing pace of ETF sales to adjust monetary policy

Again, he seems to be mostly conveying the majority view and dismissing the dissents from Takata and Tamura. In other words, he’s trying to not make a big deal out of it. As for the ETF sales, I noted earlier how at the current pace it would take 112 years for them to fully unload their holdings. Good luck with that. USD/JPY has now erased losses on the day to 147.95 currently.

This article was written by Justin Low at investinglive.com.

• Services confidence 98
• Prior 96
• Industrial confidence 96
• Prior 97

This article was written by Justin Low at investinglive.com.

• Japan’s economy is withstanding US tariffs impact
• Not seeing any material impact on capex, wages, and job trends
• No need to revise July outlook report figures
• Uncertainty remains over impact of US trade policies on forex
• Will thoroughly examine tariffs impact on the economy, including firms’ response

Overall, still nothing new from Ueda thus far as he is just mostly reaffirming their views on the outlook towards the economy and inflation. Or should I say perhaps just the majority view that is.

This article was written by Justin Low at investinglive.com.

• Japan’s economy is recovering moderately albeit with some weakness
• Economic growth likely to moderate as trade policies lead to slowdown in overseas economies
• Easy monetary conditions will support the economy
• Economic growth likely to rise thereafter with overseas economies returning to moderate growth path
• Impact of rising food prices likely to dissipate
• Will continue to raise policy rate if economy, prices move in line with forecasts
• Important to judge whether outlook will be achieved without any preconception

Well, he’s not really offering anything new nor changing things up from their previous communique. That does say quite a bit despite some hawkish dissents in the vote. For now, the overall language has yet to see anything different. USD/JPY is trimming losses to 147.80 now from around 147.20 earlier at the tail end of Asia trading.

This article was written by Justin Low at investinglive.com.