In a unanimous decision, the central bank opted to keep interest rates at -0.1% while adhering to its yield curve policy, referencing the 1% upper limit for 10-year Japanese government bonds. It reaffirmed its view that the economic uncertainty is “extremely high,” and it is committed to taking "additional easing steps if necessary.” Don’t miss…
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Jim Leaviss, Chief Investment Officer for Public Fixed Income at M&G, noted: It feels like the market is anticipating a modification to yield curve control and is starting to price that already. However, industry experts at Barclays anticipate that the BoJ may scrap yield curve control entirely this week after a damaging start to the…
Read moreVolatility hit Asian equity and currency markets on Friday following a surprise overnight move by the Bank of Japan to adopt negative interest rates. Here are some notes on the move by a number of leading currency analysts: [divide] Saxo Bank / TradingFloor.com, John J. Hardy - Bank of Japan Governor Kuroda was known for liking…
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