December 01, 2022 23:34 GMT
Firmer On Tsy Lead, BoJ Newcomer Touts Need For Review Of Policy Framework
The previously alluded to firming in U.S. Tsys pushed JGB futures higher in post-Tokyo trade, leaving the contract +26 come the close of the overnight session.
- Local headline flow has seen BoJ board member Tamura point to the need for a review of the Bank’s monetary policy framework, which a focus on the feasibility of its 2% inflation target. Tamura told Asahi that "whether the BOJ needs to tweak its (ultra-easy) monetary policy will depend on the outcome of the review.”
- Looking ahead, BoJ Rinban operations covering 1- to 5- & 25+-Year JGBs provide the most notable domestic event during the final session of the week. We will also see the monthly monetary base metrics.