TOKYO :The Bank of Japan could help prevent abrupt policy changes later by allowing more flexibility in its bond yield curve control, the International Monetary Fund said in its global financial stability report released on Tuesday.Under yield curve control (YCC), the BOJ guides the 10-year government bond yi
TOKYO :The Bank of Japan could help prevent abrupt policy changes later by allowing more flexibility in its bond yield curve control, the International Monetary Fund said in its global financial stability report released on Tuesday.
Changes to the BOJ's yield control policy may affect financial markets through exchange rates, term premiums on sovereign bonds and global risk premiums, the IMF said. While the yield control policy has helped keep borrowing costs low, it has come under increasing criticism for distorting market pricing and crushing financial institutions' profits.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF says more flexible BOJ yield control can prevent sharp market reactionTOKYO : The Bank of Japan could help prevent abrupt policy changes later by allowing more flexibility in its bond yield curve control, the International Monetary Fund said in its global financial stability report released on Tuesday.Under yield curve control (YCC), the BOJ guides the 10-year government bo
Read more »
BOJ Governor Ueda's comments at news conferenceJapan's new central bank governor Kazuo Ueda assumed office this week, succeeding Haruhiko Kuroda, and delivered his first press conference in the role on Monday, along with his two deputies, Shinichi Uchida and Ryozo Himino.Following are excerpts from the news conference, which was conducted in Japanese,
Read more »
Analysis: Japan's upbeat wages may keep new BOJ chief on hook for policy tweakTOKYO : Japan's new central bank governor Kazuo Ueda says he is in no rush to shift away from the radical monetary stimulus of his predecessor, but wage pressures may force him to make the policy tweaks faster than he'd like.Ueda, who commenced his new role at the bank this week, is widely expected by mar
Read more »
World Bank, IMF spring meetings to get underway in complex economic environmentWASHINGTON: The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability. 'Growth remains historically weak now and
Read more »
China to attend IMF meeting in Washington after COVID hiatusBEIJING/WASHINGTON D.C. : Top officials from China will attend the World Bank and International Monetary Fund spring meetings in Washington this week, their first attendance in person in three years after COVID-19 curbs limited them to virtual participation.Yi Gang, governor of the People's Bank of China,
Read more »
China to attend IMF meeting in Washington after COVID-19 hiatusBEIJING: Top officials from China will attend the World Bank and International Monetary Fund spring meetings in Washington this week, their first attendance in person in three
Read more »