Japonya Merkez Bankas\u0131\u2019ndan (BoJ) bir yetkili, \u00c7ar\u015famba g\u00fcn\u00fc Parlamento\u2019ya yapt\u0131\u011f\u0131 a\u00e7\u0131klamada Japonya\u2019da finansal ko\u015fullar\u0131n h\u00e2l\u00e2 gev\u015fek seyretti\u011fini ve g\u00fc\u00e7l\u00fc ekonomik faaliyeti desteklemeye devam etti\u011fini s\u00f6yledi. Bu durum, para politikas\u0131nda (faiz ve likidite ad\u0131mlar\u0131) ilave s\u0131k\u0131la\u015ft\u0131rma (faiz art\u0131\u015f\u0131 gibi) i\u00e7in alan b\u0131rakt\u0131. Yetkili ayr\u0131ca istihdam ve gelir ko\u015fullar\u0131n\u0131n \u0131l\u0131ml\u0131 \u015fekilde iyile\u015fti\u011fini belirtirken, ekonomik faaliyeti en \u00e7ok etkileyen k\u0131sa-orta vadede Japonya\u2019n\u0131n reel uzun vadeli faizinin (enflasyondan ar\u0131nd\u0131r\u0131lm\u0131\u015f faiz) negatif kalmaya devam etti\u011fini ifade etti.<\/p>\n
Yetkili, uzun vadeli faizlerdeki y\u00fckseli\u015fin \u015firketlerin bor\u00e7lanma maliyetlerini art\u0131rd\u0131\u011f\u0131n\u0131, ancak \u015firket k\u00e2rlar\u0131n\u0131n y\u00fcksek seviyelerde kalmas\u0131n\u0131n da hesaba kat\u0131lmas\u0131 gerekti\u011fini ekledi. Piyasalar s\u0131n\u0131rl\u0131 tepki verdi: Japon Yeni genel olarak yatay kal\u0131rken, USD\/JPY (ABD Dolar\u0131\/Japon Yeni paritesi) hafif gerileyerek yaz\u0131m s\u0131ras\u0131nda 159,25 civar\u0131nda i\u015flem g\u00f6rd\u00fc.<\/p>\n
BoJ yetkilisinin son a\u00e7\u0131klamalar\u0131n\u0131 piyasay\u0131 yeni bir faiz art\u0131\u015f\u0131na haz\u0131rlayan net bir i\u015faret olarak g\u00f6r\u00fcyoruz. Uzun vadeli faizler y\u00fckselse bile finansal ko\u015fullar\u0131n gev\u015fek kald\u0131\u011f\u0131 vurgusu, merkez bankas\u0131na politikay\u0131 daha da s\u0131k\u0131la\u015ft\u0131rmak i\u00e7in \u201cye\u015fil \u0131\u015f\u0131k\u201d yak\u0131yor. Bu s\u00f6ylem, BoJ\u2019un ekonominin daha y\u00fcksek bor\u00e7lanma maliyetlerine dayanabilece\u011fine daha fazla g\u00fcvendi\u011fini g\u00f6steriyor.<\/p>\n
Bu g\u00f6r\u00fc\u015f, son verilerle de destekleniyor. Tokyo\u2019nun \u00e7ekirdek T\u00dcFE\u2019si (enerji ve taze g\u0131da gibi dalgal\u0131 kalemler d\u0131\u015far\u0131da b\u0131rak\u0131larak hesaplanan enflasyon) Nisan 2026\u2019da %2,7\u2019de kalm\u0131\u015f g\u00f6r\u00fcn\u00fcyor; bu oran bir y\u0131ldan uzun s\u00fcredir bankan\u0131n %2 hedefinin \u00fczerinde. Ayr\u0131ca 2026 \u201cshunto\u201d (Japonya\u2019da bahar d\u00f6nemi toplu \u00fccret pazarl\u0131klar\u0131) \u00fccret g\u00f6r\u00fc\u015fmelerinin nihai turu, ortalama %4,1 maa\u015f art\u0131\u015f\u0131yla sonu\u00e7land\u0131. Bu tablo i\u00e7 talep ve enflasyon i\u00e7in g\u00fc\u00e7l\u00fc bir zemin olu\u015fturuyor. Bu veriler, BoJ\u2019un harekete ge\u00e7mek i\u00e7in gerekli gerek\u00e7eye sahip oldu\u011funa ve muhtemelen Haziran veya Temmuz toplant\u0131s\u0131nda ad\u0131m atabilece\u011fine i\u015faret ediyor.<\/p>\n","protected":false},"excerpt":{"rendered":"
BoJ yetkilisinden piyasaya \u201cfaiz art\u0131\u015f\u0131\u201d mesaj\u0131: Finansal ko\u015fullar gev\u015fek, reel faiz negatif. Enflasyon hedef \u00fcst\u00fc, \u00fccretler %4,1 artt\u0131. Yen yatay, USD\/JPY 159,25. Haziran-Temmuz ad\u0131m\u0131 masada.<\/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-47452","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\/47452","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=47452"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/47452\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=47452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=47452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=47452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}