Post-Election Inflation Hazards; U.S. Jobs Data, -2-

Basis Points Japanese voters deprived the ruling Liberal Democratic Party of the absolute majority it has held for over a decade in Japan’s lower house, with an election Sunday that prolongs a period of uncertainty over the leadership of an important U.S. ally. (WSJ) The Bank of Japan said Monday it offered to buy outright on October 29 up to Y60.0 billion in inflation-indexed Japanese government bonds. The bank’s previous operation in the same maturity range was also Y60.0 billion. (DJN) There’s speculation that the votes of Reserve Bank of Australia board members may soon be published. The new approach would shed light on how close decisions are at each policy meeting. (DJN) Singapore’s economic recovery has solidified after a sluggish start to the year, and looks set to stay underpinned by robust trade and a constructive global outlook, the city-state’s central bank said in a report. (DJN) Brent-crude prices slid after Israel’s strike on Iran on Saturday steered clear of its oil and nuclear facilities. (DJN) About Us

WSJ Pro Central Banking brings you central banking news, analysis and insights from WSJ’s global team of reporters and editors. This newsletter was compiled by markets reporter Vicky Ge Huang in New York. Send your tips, suggestions and feedback to [vicky.huang@wsj.com].

This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

10-28-24 0717ET