This post was originally published on this site.Ueda’s decision to skip Jackson Hole removes one of the more direct opportunities for the BOJ governor to signal policy intent on the world stage this week, shifting attention instead to whether he attends the G20 finance ministers and central bank governors meeting in Asheville, North Carolina, running 31 August to 1 September. With markets already near fully pricing a September BOJ hike following the joint US-Japan yen intervention and a nudge from Treasury Secretary Bessent, any sidelines interaction between Ueda and Bessent at that G20 gathering could carry outsized signalling value for...

This post was originally published on this site.The gains across both Japanese and Korean equities reflect a broadly risk-on tone heading into what is genuinely one of the more consequential 24 hour stretches for global markets this quarter, spanning Nvidia’s results, the US PCE print, and Fed Chair Warsh’s Jackson Hole speech on Friday. A soft PCE reading is being framed as the most supportive outcome for equities generally, since it would reduce the odds of a Fed rate rise and lower the discount rate applied to growth and technology stocks. Japan and Korea’s advances, led respectively by broad market...