The news reports may be a “a trial balloon, aimed partly at signaling policy won’t be on autopilot forever,” Bloomberg Economics’ Yuki Masujima wrote. “We expect the BOJ to raise its target for the 10-year yield by a small increment from around 0 percent now around October, assuming key conditions are met: core inflation is above 1 percent, the yen is stable, and Prime Minister Shinzo Abe makes a symbolic declaration that deflation is over.”...
Bank Of Japan Offers Unlimited Bond Buying After Yields Jump
- Written by Doug Diamond
- Category: News
- Hits: 727