The Bank of Japan held its short-term policy rate at 1.25%, but I keep coming back to what the meeting says about the path ahead.
The Bank of Japan held its short-term policy rate at 1.25%, but I keep coming back to what the meeting says about the path ahead. ANI reports an 8-1 rate vote, with Hajime Takata preferring 1.5%. The rate hold sits alongside a firmer inflation assessment and a faster ETF sales plan.
The BOJ says underlying inflation is broadly at its 2% target and raised its fiscal 2027 core CPI forecast to 2.6% from 2.4%. That makes the hold hard to read as an all-clear on rates. The board also unanimously approved raising annual ETF sales, on a book-value basis, from about 330 billion yen to 860 billion yen starting in January 2027.
The BOJ estimates that the new sales pace will equal about 0.1% of market trading value, versus about 0.05% at the current pace. It can temporarily adjust or suspend sales as market conditions warrant. Both details shape how I read the scale of the announcement.
My read is that the ETF plan belongs in the same conversation as the inflation signal. The planned increase is real, while the estimated share of trading remains small. I'll watch how sales proceed, but that share argues against a panic take on supply.
Source: [ANI / The Tribune](https://www.tribuneindia.com/news/business/boj-keeps-policy-rate-unchanged-at-1-25-raises-annual-etf-sales-pace-to-860-billion-yen/)
Not financial advice. For informational and educational purposes only.
Amazon reportedly fell to about $214 after hours following its Q3 results, roughly 12% below its $243.79 pre-release close.
Amazon reportedly fell to about $214 after hours following its Q3 results, roughly 12% below its $243.79 pre-release close. A later report put the shares at $225.99, still down 7.3% from that close. Revenue and EPS missed estimates, and…
For $INTC shareholders, PC weakness is setting the pace even as Data Center and AI revenue grows 78%.
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End-of-day recap
Oct 29 brought sharp tech drops, a cash deal and mixed index closes.
Oct 29 brought sharp tech drops, a cash deal and mixed index closes. Alphabet closed at $283.82, down 12.64%. Earnings and revenue missed expectations, and Search revenue missed forecasts for a second straight quarter. CNBC tied the drop to those results and fears AI chat and agents are taking Search volumes.
End of the Gold Standard — $35 Peg to $4,038 Gold
On August 15, 1971, Nixon closed the gold window, ending the dollar's fixed $35-an-ounce peg from Bretton Woods and setting gold free to float.
On August 15, 1971, Nixon closed the gold window, ending the dollar's fixed $35-an-ounce peg from Bretton Woods and setting gold free to float. Fifty-five years later, gold futures are at $4,038.20 an ounce, about 115 times the old peg.