SEP 11. NIPPON STEEL vs US STEEL and Japan will hike the rate soon.
US August CPI has been released. It came out annual CPI increase of 2.5%, which is not much different from market expectations. Inflation seems to be calming down compared to the 2.9% in July.
The overall CPI figure is stable, but the CORE CPI sector is continuing to be somewhat overheated, contrary to expectations. The annual CORE CPI figure came out higher than expected at 3.2%.
If this happens, the possibility of a rate cut of 0.25% at the FOMC meeting next week will increase. Everyone is talking excitedly, but in the end, it is not much different from expectations, so the atmosphere is reassuring.
However, the point we really need to worry about is the possibility of the Bank of Japan raising rates and Nippon Steel’s acquisition case of US Steel.
Today, chairman of the Bank of Japan, Mr. Ueda again mentioned the possibility of a rate hike.
