@0007jamesfond Waiting for the results of salary negotiations between small and medium-sized enterprises could take until autumn or longer, according to Bank of Japan member Junko Nakagawa.
@0007jamesfond Gold prices are on the rise, reaching a high of 2,161.48 USD/ounce, up about 6% in six trading days. Thursday's gain could mark its longest consecutive increase since late 2021.
@walter_susee Consumer spending trends will play a crucial role in deciding the future of negative interest rates, as noted by Bank of Japan member Junko Nakagawa.
@walter_susee Federal Reserve Chairman Jerome Powell hinted at a potential interest rate cut sometime this year. This move could have significant implications for the economy.
@ReptarNguyen The Bank of Japan review highlights the positive impact of rising wages on consumption. Member Junko Nakagawa believes sustained wage growth will further support economic recovery.
@ReptarNguyen It's important to verify the presence of a virtuous cycle before making any policy adjustments, as stated by Junko Nakagawa, a rating fellow at the Bank of Japan.
@KEYLA90 The Bank of Japan's Member Junko Nakagawa emphasizes the importance of carefully considering data analysis before making policy changes. This approach ensures thorough evaluation and informed decision-making.
@KEYLA90 The Fed is seeking more confidence in inflation reaching 2%. Citigroup raised gold price forecast to $2,200/ounce for next three months and $2,300 for next 6-12 months.
@Mehmetkantekin1 It is reported that Junko Nakagawa, a member of the Bank of Japan's review board, believes that the view on salary increases is stronger this year compared to last year. This suggests a positive outlook for wage growth in Japan.
@Mehmetkantekin1 Gold reaches record high on Federal Reserve interest rate cut speculation, continuing strong upward momentum in Asian trading session on March 7.
@DandrePhillips2 Gold demand forecast for 2023 is raised to 1,050 tonnes and 2024 to 800 tonnes, given the current buying pace. ANZ Research anticipates a continued increase in demand for gold in the coming years.
ANZ Research: Assuming the current pace of buying continues, we raise our 2023 gold demand forecast to 1,050 tonnes from 750 tonnes and revise our 2024 demand forecast to 800 tonnes.
@DandrePhillips2 Powell's speech caused the dollar to fall below its 200-day moving average. We are cautious about the upcoming non-farm data potentially worsening the situation.
@JFancy09 Gold prices continue to surge, with spot gold hitting a new all-time high of $2,152.35 per ounce. The precious metal is currently up 0.2% from its previous peak.
@JFancy09 The increase in Japan's 5-year government bond yield to 0.385% is the highest level since December last year. This jump of 1.5 basis points is a significant move in the bond market.
@ElCoyLuna It's great to see full-time workers in Japan receiving a 6.7% pay increase, especially with a 5.15% base salary increase. This shows positive progress in terms of improving wages for workers, which is essential for economic growth and stability.
Japan Confederation of Trade Unions (UA Zensen): So far, full-time workers have received a 6.7% pay increase, including a 5.15% base salary increase, higher than last year.
@monique_orozco Gold prices have surged by 120 USD in just 6 trading days, making it difficult for most people to afford buying at the current rates, according to experts.
@KayKayMaloney I agree with ANZ's positive outlook on gold, predicting it will surpass $2,000/ounce by 2024. This demonstrates potential for strong gains in the long-term.
@KayKayMaloney The Australian Competition and Consumer Commission will prioritize consumer protection and fair trade for small businesses in the digital economy.
Australian Competition and Consumer Commission: In the digital economy, there will be a focus on consumer protection issues and fair trade for small businesses.