Investors keeping an eye on Bank of Japan policy have shifted their attention to the possible end of the central bank’s negative interest rate following the loosening of guide rails around bond yields.
While no changes are expected at this week’s policy meeting, swap market indicators now show stronger expectations for the near-term scrapping of the subzero rate by March than a further widening of the band around the BOJ’s 10-year yield target.
Since July when the BOJ said it would allow yields on 10-year government debt to rise toward 1%, option-implied volatility in two-year yen overnight-indexed swaps has risen compared with the corresponding gauge for 10-year contracts. Previously, the bank had drawn a line in the sand at 0.5%. He said it was not out of the question to have sufficient data by the end of the year to discern if wage gains were sustainable. Raising rates was among the options for the bank if prices and the economy proved stronger than expected, Ueda added. The story pushed up yields and briefly helped strengthen the yen.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Japan's yen in spotlight ahead of 'live' BOJ meetingBy Vidya Ranganathan SINGAPORE (Reuters) - The U.S. dollar and most major currencies were flatlining in early trades on Monday, barring a blip in ...
Lire la suite »
Japan's yen in spotlight ahead of 'live' BOJ meetingThe U.S. dollar and most major currencies were flatlining in early trades on Monday, barring a blip in sterling, as a Japanese holiday and a bunch of upcoming central bank meetings sucked the air out of markets. The Bank of Japan's policy meeting on Friday is the highlight of the week in Asia, after Governor Kazuo Ueda stoked speculation of an imminent move away from ultra-loose policy. In a week packed with central bank meetings, decisions are also due from the U.S. Federal Reserve on Wednesday and Bank of England on Thursday.
Lire la suite »
Congo Republic Government Denies Speculation of Military CoupThe Republic of Congo’s government denied speculation on social media that there had been a coup in the central African nation.
Lire la suite »
Ueda Abandons ‘Shock and Awe’ on Path Toward BOJ Normalization(Bloomberg) -- Inside the walls of the Bank of Japan, there’s a sense of relief as new boss Kazuo Ueda inches toward policy normalization with the minimum of fuss — an approach that couldn’t be more different from his predecessor’s dramatic debut. Most Read from BloombergHow Auto Executives Misread the UAW Ahead of Historic StrikeVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingUS Marines Pause Flights as the Search Continues for Lost F-35Trillion-Dollar Industry Powering Chi
Lire la suite »
Japan industry minister: BOJ's policy aimed at 'buying time' will eventually endTOKYO (Reuters) - The Bank of Japan's ultra-loose monetary policy, which was aimed at
Lire la suite »
Gold firms as spotlight shifts to US Fed policy meetingKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Lire la suite »