Head Topics

Bank of Japan to Discuss Adjustments to Bond Yield Control

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 28 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 64%
  • Publisher: 63%

Government Bond Yield News

Cap,Market Distortions,Yen Fall

The Bank of Japan is expected to revise its inflation forecasts and discuss potential adjustments to its bond yield control at its upcoming policy meeting. There are growing expectations that the controversial monetary tool may be nearing its end. The Japanese yen strengthened against the dollar following reports of the BOJ's consideration of changes to its yield curve control. One possibility is allowing the 10-year Japanese government bond yield to exceed the current 1% cap. The BOJ may present this as a technical adjustment rather than a major policy shift.

TOKYO - The Bank of Japan will likely revise up its inflation forecasts and discuss further tweaks to its bond yield control at its policy meeting on Tuesday, amid growing expectations the days of the controversial monetary tool are numbered.

"JGB yields are already moving quite freely. Having them move even more freely won't lead to a big change in markets." Any such move would underpin the yen ahead of the U.S. Federal Reserve's expected decision to keep interest rates steady at its rate review on Wednesday. By allowing yields to rise more, the BOJ reduces the need to ramp up bond buying and load up its already big balance sheet.

Bill Gates' former assistant is the world's 5th-richest person — and he's close to overtaking the Microsoft cofounder

Cap Market Distortions Yen Fall Global Bond Yields Inflation Finance Bank Of Japan Inflation Forecasts Bond Yield Control Policy Meeting Japanese Yen Dollar Monetary Tool Yield Curve Control

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Marketmind: All eyes on Bank of Japan's 1% yield capExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Swiss National Bank adjusts interest on bank depositsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

China urges G7 not to have double standards on Japanese food banExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

China urges G7 not to have double standards on Japanese food banExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

G7 Calls for Repeal of Import Curbs on Japanese Food ProductsThe G7 industrial powers have urged for the immediate repeal of import restrictions on Japanese food products, referring to China's curbs following the release of wastewater from the Fukushima nuclear power plant. The G7 trade ministers expressed concern over China's rising economic coercion and called for the development of free, fair, and mutually beneficial trade relationships.
Source: SaltWire Network - 🏆 45. / 63 Read more »

G7 Calls for Repeal of Import Curbs on Japanese Food ProductsThe G7 industrial powers have urged for the immediate repeal of import restrictions on Japanese food products, referring to China's curbs following the release of wastewater from the Fukushima nuclear power plant. The G7 trade ministers expressed concern over China's rising economic coercion and called for the development of free, fair, and mutually beneficial trade relationships.
Source: SaltWire Network - 🏆 45. / 63 Read more »