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MNI BRIEF: BOJ Faces JPY50 Trln Loss If 10-Yr Hits 2% - Uchida

(MNI) Tokyo
(MNI) TOKYO

Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday the central bank would face an unrealised loss of JPY50 trillion on government bonds it held if the 10-year interest rate rose to 2% from the 0.5% it traded at in February.

Uchida also told lawmakers it would be difficult for the BOJ to preemptively make market players incorporate policy changes into market pricing of bonds.

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Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday the central bank would face an unrealised loss of JPY50 trillion on government bonds it held if the 10-year interest rate rose to 2% from the 0.5% it traded at in February.

Uchida also told lawmakers it would be difficult for the BOJ to preemptively make market players incorporate policy changes into market pricing of bonds.

Keep reading...Show less