Free Trial

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 BRIEF: BOJ's Wider YCC Band Weakens Easy Policy- Wakatabe

(MNI) Tokyo
(MNI) TOKYO

Bank of Japan Deputy Governor Masazumi Wakatabe said on Thursday that December’s decision to widen the range around its 10-year yield target had weakened the impact of easy policy, and the BOJ must cautiously consider further widening the band again.

Wakatabe, however, told reporters that the impact of easy policy was maintained, judging from real interest rates.

Keep reading...Show less
80 words

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Bank of Japan Deputy Governor Masazumi Wakatabe said on Thursday that December’s decision to widen the range around its 10-year yield target had weakened the impact of easy policy, and the BOJ must cautiously consider further widening the band again.

Wakatabe, however, told reporters that the impact of easy policy was maintained, judging from real interest rates.

Keep reading...Show less