BoJ’s Ueda: Targeting 5 year JGBs from 10-year JGBs is among options if needed BOJ CentralBanks USDJPY Bonds YieldCurve
Bank of Japan Governor Kazuo Ueda is delivering some comments on the central bank’s monetary policy outlook on Friday.“BoJ must avoid tightening monetary policy prematurely to ensure Japan sustainably achieves its 2% target.”could make tweaks to YCC "if the balance between the benefit and cost of the policy shifts."“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.”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. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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