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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.
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Free AccessMNI BRIEF: BOJ Ueda: Continuing With YCC Appropriate Now
It is appropriate for the Bank of Japan to continue with its current yield curve control, given current economic and price conditions, Governor Kazuo Ueda said on Tuesday.
“The yield curve is smoothing now in the wake of the SLF (Securities Lending Facilities), widening the 10-year interest rate range (decided in December) and the drop of interest rates overseas,” Ueda told lawmakers.
Ueda’s remarks indicated that the BOJ is expected to keep monetary policy unchanged on April 28, Ueda's first meet as Governor, despite speculation in markets that easy policy could be tweaked.
If prices and wages rise beyond expectations, the BOJ would manage monetary policy, such as raising interest rates appropriately, he added, noting the central bank is aiming for price stability along with wage hikes.
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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.