The Bank of Japan’s difficult decisions are not going away
Bank of Japan gave speculators an opening. By lifting its cap on ten-year government bond yields from 0.25% to 0.5%, the central bank raised the prospect that it would abandon its “yield-curve-control” policy entirely. Since then, officials have been put to the test by increasingly uncooperative bond markets. Thehas been forced to make enormous bond purchases in an attempt to drive down the yield, buying ¥9.5trn yen on January 12th and 13th alone.’s next meeting.
Japanese inflation has increased, too, but only to 4% year on year in December. That is less than half the peaks in America and the euro zone. And much of the surge is the result of the weak yen, which hit a 32-year low against the dollar in October, and high energy prices. Thus theThe central bank’s decision to lift the cap on bond yields in December was an attempt to improve liquidity and facilitate more trading. It seems to have backfired.
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.
BBC Breakfast fans call for Bank of Dave owner to take over presenting show'We all could all do with a little Dave in our lives'
Read more »
Yen traders braced for volatility as BoJ meetsOutcome risky to predict for investors waiting for pivot in bank policy
Read more »
Big Bang 2.0 reforms increase risk to public, Bank of England warnsA relaxation of rules – dubbed “Big Bang 2.0” – in an effort to free up billions of pounds of investment in infrastructure projects, increased the risk that a pension provider may lack the cash to meet its commitments, Andrew Bailey told MPs
Read more »
Major bank to close 15 more branches this year - full list of locationsBARCLAYS is to shut another 15 branches this year in the latest round of closures revealed by the bank. It brings the total number of sites disappearing this year to 26 across the country. It is no…
Read more »
US bank Silvergate sinks to $1bn loss as crypto crisis takes a toll\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Major bank to close one of its branches in Glasgow - here's whenA major bank is closing one of its city branches.
Read more »