Bank of Japan's surprise, Germany Economy

Trading Discussion News and Economy
1

Bank of Japan’s surprise move under Governor Kazuo Ueda led to looser bond yield control. Yen and bond yield fluctuations ensued. Target for 10-year yields stays at 0%, but 0.5% ceiling is now a flexible reference point, not a strict limit. Short-term negative interest rate remains at -0.1%.

Germany emerged from its winter recession in Q2, but its GDP stagnated, raising concerns about the health of Europe’s biggest economy. The economy didn’t grow as expected (0.1%), and revised figures showed the slump was less severe. During April-June, private consumption supported economic stability. #GermanyEconomy

2

It is expected that Germany’s GDP will decline by 0.4% this year, which is higher than the 0.1% forecasted by the Ifo Institute in March.

3

Due to inflation, private consumption will decrease by 1.7% this year. From my experience, I can say that prices in stores are only increasing.