The Bank of Japan is under pressure to revise policy again after investors repeatedly attacked the central bank’s new 0.5% cap for the 10-year government bond yield
is under pressure to revise policy again at its meeting ending Wednesday after investors repeatedly attacked the central bank’s new 0.5% cap for the 10-year government bond yield.
“There seem to be many investors, overseas in particular, who want to challenge the upper limit as long as the target range exists,” he said. Ending yield-curve control while providing ample funds to keep down bond yields “could probably calm the market more easily and thus prevent tightening of financial conditions,” he said.
However, the purchases create some anomalies in the bond market. The 0.5% yield on the 10-year bond, the only one explicitly targeted by the Bank of Japan, looks abnormally low relative to other yields, such as the 1.365% yield on the 20-year bond as of Tuesday. That in turn can disrupt corporate bond issuers who use government bond yields as a benchmark, officials and economists say.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Analysis: Bank of Japan's yield curve control in danger as policy backfiresUnlike other central banks that have been aggressively raising rates to battle inflation, Japan's central bank continues its decades-long attempt to stoke price rises in the world's third-biggest economy, even as inflation has exceeded the bank's target.
続きを読む »
Japan's sharp wholesale price rise heaps pressure on BOJ's ultra-easy policyJapan's annual wholesale prices rose at a faster-than-expected pace in December, data showed on Monday, adding to recent growing signs of inflationary pressure that could force the central bank to raise interest rates soon.
続きを読む »
Bank of Japan could announce major policy shift this week as bond yields top limit againJapan's central bank will meet this week amid soaring bond yields and a strong yen, with some economists expecting it to scrap its yield curve control policy.
続きを読む »
Explainer: How does Japan's yield curve control work?The Bank of Japan's yield curve control (YCC) is under fierce market attack, as investors test the bank's commitment to capping bond yields with inflation above the BOJ's target.
続きを読む »
Japan's Matsuno: Expects BOJ to continue with appropriate monetary policyJapan Chief Cabinet secretary, Hirokazu Matsuno said on Monday, he “expects the Bank of Japan (BoJ) to continue with appropriate monetary policy, tak
続きを読む »
After the Chargers Chargered again, pressure mounts on Coach Brandon StaleyThe Chargers’ history of blown leads and baffling losses surfaced again, and Coach Brandon Staley’s role in the collapse could place his job in jeopardy, Adam Kilgore writes.
続きを読む »