After hitting highs yesterday of 0.92% the yield has been on the slide following Kuroda’ss Y2.8tn program to “calm bond markets” Japanese finance minister Aso has just been on the wires saying that the BOJ always needs to pay close … Continue reading
The BOJ will likely discuss ways to refine money market operations at the next policy meeting 21-22 May JGB 10′s were down to 0.82% from 0.92% on the day.
BOJ Governor Kuroda may be called upon to testify before a Japanese parliamentary committee scheduled for 0500-0600GMT. There may well be some comments from him hitting the wires, so just a heads-up.
in general context of debate on global economy FX rates are determined by the markets BOJ is not guiding FX rates in guiding mon pol Will tell G7 that BOJ April easing was for domestic purposes JGB market has been … Continue reading
Asset purchases are for monetary easing Banknote rule suspended until stable price growth reached
Also: BOJ easing under Kuroda has been drastic Easing alone can’t achieve economic recovery