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Firmer On Tsy Lead, BoJ Newcomer Touts Need For Review Of Policy Framework

JGBS

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.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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