Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

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 INTERVIEW: Global Risks Mean BOJ Must Stay Easy - Sekine

(MNI) Tokyo

The Bank of Japan should not feel pressured to move away from monetary easing, former chief economist Toshakita Sekine says.

The increased risk of a global slowdown as the Federal Reserve hikes rates and the absence of sustained wage growth mean the Bank of Japan has no option but to maintain its current easy policy stance, its former chief economist Toshitaka Sekine told MNI.

While recent weakness of the Japanese yen as U.S. rates rise has prompted speculation that the BOJ could adjust policy centred around a 0.25% cap on the 10-year government bond yield as early as next month, Sekine, chief economist until 2019 and a consistent defender of the yield curve control framework, said that the central bank had to look through exchange rate changes.

Keep reading...Show less
400 words

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.

The increased risk of a global slowdown as the Federal Reserve hikes rates and the absence of sustained wage growth mean the Bank of Japan has no option but to maintain its current easy policy stance, its former chief economist Toshitaka Sekine told MNI.

While recent weakness of the Japanese yen as U.S. rates rise has prompted speculation that the BOJ could adjust policy centred around a 0.25% cap on the 10-year government bond yield as early as next month, Sekine, chief economist until 2019 and a consistent defender of the yield curve control framework, said that the central bank had to look through exchange rate changes.

Keep reading...Show less