- Analytics
- News and Tools
- Market News
- BoJ’s Ueda: Targeting 5-year JGBs from 10-year JGBs is among options if needed
BoJ’s Ueda: Targeting 5-year JGBs from 10-year JGBs is among options if needed
Bank of Japan (BoJ) Governor Kazuo Ueda is delivering some comments on the central bank’s monetary policy outlook on Friday.
Key quotes
“Falling raw material costs likely to slow inflation in coming months.”
“BoJ must avoid tightening monetary policy prematurely to ensure Japan sustainably achieves its 2% target.”
The BoJ could make tweaks to YCC "if the balance between the benefit and cost of the policy shifts."
"If the BoJ were to modify YCC in the future, there are various ways of doing so.”
“Shortening the duration of bond yields it targets to the five-year zone from the current 10-year zone could be among options."
"But I won't comment on whether we would definitely do so, how likely this could happen, or under what conditions the BoJ would see this option as desirable.”
Market reaction
USD/JPY is off the yearly highs of 140.23, consolidating at around 139.85, as of writing. The pair is down 0.14% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
