Daiwa Securities: Japan Central Bank is paying attention to the movements of the Federal Reserve.

Jinshi data, December 19th, Daiwa Securities’ chief economist MARI IWASHITA said: “What the Japanese Central Bank wants most today is the Fed’s view on interest rate cuts next year. The impression the Fed gives is that they are not in a hurry. The FOMC will meet in January next year. Assuming the Fed will maintain the current interest rate next month, if the market strengthens the US dollar and weakens the Japanese yen, the Japanese Central Bank will have a greater chance of raising interest rates.”