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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.
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Free AccessMNI BRIEF: Markets To Determine Long-term Rates - BOJ's Ueda
Bank of Japan Governor Kazuo Ueda said on Tuesday that markets will determine long-term interest rates but the Bank will prevent them from surging.
Ueda told lawmakers that the BOJ will conduct daily operations to prevent surges in a flexible manner should long-term interest rates rise sharply.
He also said the BOJ will adjust the degree of easy policy if the year-on-year rise in the consumer price index accelerates in line with the BOJ’s forecast.
The BOJ will adjust its policy interest rate if the risks to economic activity and prices change, he said.
The 10-year JGB yield rose to 1.1% on Thursday, its highest level since July 2011 and the 10-year bonds traded at 1.050% mid-Tuesday. (See MNI POLICY: BOJ Board Weighs Pace, Scale Of JGB Reductions)
To read the full story
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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.