{"id":29836,"date":"2026-03-09T01:57:13","date_gmt":"2026-03-09T01:57:13","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/japonyada-bankalarin-subat-ayi-yillik-bazda-kredi-buyumesi-beklentileri-asti-45-tahmin-44\/"},"modified":"2026-03-09T01:57:13","modified_gmt":"2026-03-09T01:57:13","slug":"japonyada-bankalarin-subat-ayi-yillik-bazda-kredi-buyumesi-beklentileri-asti-45-tahmin-44","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/japonyada-bankalarin-subat-ayi-yillik-bazda-kredi-buyumesi-beklentileri-asti-45-tahmin-44\/","title":{"rendered":"Japonya\u2019da bankalar\u0131n \u015eubat ay\u0131 y\u0131ll\u0131k bazda kredi b\u00fcy\u00fcmesi beklentileri a\u015ft\u0131: %4,5 (tahmin: %4,4)"},"content":{"rendered":"Japonya\u2019da bankalar\u0131n y\u0131ll\u0131k kredi b\u00fcy\u00fcmesi \u015fubat ay\u0131nda %4,5 oldu. Bu oran, %4,4\u2019l\u00fck beklentinin \u00fczerinde geldi.\n\nVeriler, kredi b\u00fcy\u00fcmesinin beklentiden 0,1 puan daha y\u00fcksek oldu\u011funu g\u00f6steriyor. Rakamlar, \u015fubat ay\u0131na ili\u015fkin y\u0131ll\u0131k art\u0131\u015f\u0131 ifade ediyor.\n\n

Bankac\u0131l\u0131k Kredileri \u0130vmelenmeye \u0130\u015faret Ediyor<\/h3>\nBeklentiyi a\u015fan %4,5\u2019lik kredi b\u00fcy\u00fcmesi, Japonya ekonomisinde temel g\u00fcc\u00fcn artt\u0131\u011f\u0131na i\u015faret ediyor. Bu g\u00f6r\u00fcn\u00fcm, Japonya Merkez Bankas\u0131\u2019n\u0131 (BoJ) para politikas\u0131n\u0131 \u201cnormalle\u015ftirmeye\u201d (ola\u011fan\u00fcst\u00fc gev\u015fek duru\u015ftan daha s\u0131k\u0131 ve daha \u201cnormal\u201d faiz\/likidite seviyelerine d\u00f6nmeye) yakla\u015ft\u0131ran bir ba\u015fka sinyal. Bu veri tek seferlik de\u011fil; s\u0131n\u0131rl\u0131 da olsa b\u00fcy\u00fcmede h\u0131zlanma e\u011filimini do\u011fruluyor.\n\nBu veri, ge\u00e7en ay a\u00e7\u0131klanan ve ocakta \u201c\u00e7ekirdek T\u00dcFE\u201dnin (enerji ve taze g\u0131da gibi oynak kalemler hari\u00e7 t\u00fcketici enflasyonu) %2,3 geldi\u011fini g\u00f6steren raporun ard\u0131ndan geldi; oran BoJ\u2019un %2\u2019lik hedefinin \u00fczerinde kalm\u0131\u015ft\u0131. Bu kal\u0131c\u0131 bask\u0131 ve \u015firketlerin kredi talebinin g\u00fc\u00e7l\u00fc seyretmesi, mevcut \u201ca\u015f\u0131r\u0131 gev\u015fek para politikas\u0131\u201dn\u0131 (\u00e7ok d\u00fc\u015f\u00fck faiz ve bol fonlamay\u0131) s\u00fcrd\u00fcrmeyi giderek zorla\u015ft\u0131r\u0131yor. Piyasalar\u0131n, yaz \u00f6ncesinde olas\u0131 politika de\u011fi\u015fikli\u011fini daha g\u00fc\u00e7l\u00fc bi\u00e7imde fiyatlamas\u0131n\u0131 bekliyoruz.\n\nBu \u00e7er\u00e7evede, yenin g\u00fc\u00e7lenmesinden faydalanan \u201ct\u00fcrev \u00fcr\u00fcnler\u201de (fiyat\u0131 d\u00f6viz kuru, faiz ya da tahvil gibi bir dayanak varl\u0131\u011fa ba\u011fl\u0131 s\u00f6zle\u015fmeler) bak\u0131yoruz. JPY \u00fczerinde \u201cal\u0131m opsiyonu\u201d (call: belirli fiyattan alma hakk\u0131 veren opsiyon), \u00f6zellikle ABD dolar\u0131na kar\u015f\u0131, yat\u0131r\u0131mc\u0131lar\u0131n \u201ccarry trade\u201d i\u015flemlerini (d\u00fc\u015f\u00fck faizli para biriminden bor\u00e7lan\u0131p y\u00fcksek faizli para birimine yat\u0131r\u0131m yapma) kapatmas\u0131yla \u00f6ne \u00e7\u0131kabilir. 2025 sonundaki havaya bak\u0131ld\u0131\u011f\u0131nda, piyasa BoJ\u2019un ad\u0131m atma iste\u011fi konusunda daha \u00e7ekimserdi; bu g\u00f6r\u00fc\u015f art\u0131k g\u00fcncelli\u011fini yitirmi\u015f g\u00f6r\u00fcn\u00fcyor.\n\nAyr\u0131ca Japon devlet tahvilleri piyasas\u0131nda oynakl\u0131\u011f\u0131n artmas\u0131n\u0131 bekliyoruz. BoJ\u2019un \u201cgetiri e\u011frisi kontrol\u00fc\u201d politikas\u0131nda (YCC: tahvil faizlerini belirli seviyelerde tutmak i\u00e7in al\u0131m-sat\u0131mla m\u00fcdahale) ayarlama ihtimali, JGB vadeli i\u015flemlerinde \u201csat\u0131m opsiyonu\u201dnu (put: belirli fiyattan satma hakk\u0131) g\u00fc\u00e7l\u00fc bir korunma arac\u0131 haline getiriyor. \u201cShunto\u201d bahar \u00fccret g\u00f6r\u00fc\u015fmelerinden gelen ilk sinyallerin ortalama art\u0131\u015flar\u0131n %4,1\u2019in \u00fczerinde oldu\u011funu g\u00f6stermesi de, merkez bankas\u0131n\u0131n enflasyon de\u011ferlendirmesine do\u011frudan yans\u0131yacak.\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

S\u00fcrpriz sinyal: Japon bankalar\u0131nda kredi b\u00fcy\u00fcmesi \u015fubatta %4,5 ile %4,4 beklentiyi a\u015ft\u0131. BoJ\u2019un normalle\u015fmesine dair fiyatlama g\u00fc\u00e7leniyor; yen, opsiyonlar ve JGB oynakl\u0131\u011f\u0131 \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-29836","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/29836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=29836"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/29836\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=29836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=29836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=29836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}