Following the Bank of Japan's first historic interest rate hike at the March policy meeting, BoJ Governor Kazuo Ueda said that the Bank “will continue buying 'broadly same amount' of JGB as before.” more to come ...
Following the Bank of Japan's first historic interest rate hike at the March policy meeting, BoJGovernor KazuoUedasaid that the Bank “will continue buying 'broadly same amount' of JGB as before.” Additional quotes Judged sustainable, stable achievement of 2.0% inflation target comes in sight. Accommodative conditions will firmly underpin economy, prices. Will consider options for easing broadly including ones used in past if needed. Confirmed virtuous cycle of wages, prices.
Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen.
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