Why 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.
The Bank of Japan will consider widening the trading range of 10-year policy interest rate once concern over downside risks to economy wanes, MNI understands, but for now, as Governor Kuroda told legislators Friday, higher rates and increased volatility from such a move now would be undesirable as Covid-19 concerns linger. Policymakers also need to maintain financial market stability ahead of March, the end of this fiscal year.
Earlier, Kuroda told lawmakers that he doesn't see the need to widen a range of 10-year interest rates and he emphasized the need to keep yield curve at low levels with the continuing downward pressure on the economy. His comments sent longer-dated JGB yields sharply lower, with the 20-yr bond yield down 10bps from intraday highs at one point, before closing bps lower on the day at 0.47%.
Why 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.