Further comments by Kuroda
- No need to strictly think about bond target range
- BOJ has had deep discussion on global economy
- Sees no change in view of the global economy picking up in 2H 2019
- But BOJ is concerned about protectionism still
Meanwhile, as Kuroda comments here, 10-year JGB futures have just hit an all-time high. This comes as 10-year JGB yields is falling further to its lowest levels since 2016 today and strays further away from the BOJ's supposed target range of -0.1% to 0.1%.
Last July, they mentioned that they are flexible in letting yields run lower or higher beyond their target range but I reckon they won't be too happy with where this is headed currently.
