Free Trial
CHINA RATES

China Repo Rates Diverge on Tuesday

JGBS

Light Bull Flattening

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI (Sydney)
TOKYO (MNI)

It is undesirable and unnecessary for the Bank of Japan to widen the tolerated trading range of the 10-year JGB yield, Governor Haruhiko Kuroda told legislators Friday, dampening market speculation that the BOJ would use the upcoming policy review to allow greater flexibility to the current -0.2% to +0.2% band.

Last week, Hiromi Yamaoka, a former head of the Bank's markets division, told MNI the Board would have little room to do anything other than tweak its policy and expanding the range could actually be counter-productive.

Kuroda told lawmakers that the BOJ, which targets a central 0% rate on 10-year JGBs, aims to keep yields at low levels to balance the downward pressures on the economy from Covd-19.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
True
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
True

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.