More from Bank of Japan Governor Ueda:
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Don’t expect 10-year JGB yield to rise sharply above our 1% reference
even if yields come under upward pressure - We will consider
ending YCC, negative rate if we can expect inflation to stably,
sustainably hit price target - In what order, what
part we will change policy will depend on economic, price, market
developments at the time
More:
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Making strong comments now on how we could change policy could have
unintended consequences in markets - When market
expectations of future rise in long-term yields heighten, it is hard
to deal with fine-tuning of YCC alone - Keeping yields
across the curve low with monetary easing has had big positive effect
on economy by stimulating demand, creating jobs - US Fed may at some
point cut interest rates if effect of monetary tightening up till now
works its way through US economy - If any US rate cut
is a result of soft landing in US economy, that could have positive
impact on Japan’s economy
Earlier:
This article was written by Eamonn Sheridan at www.forexlive.com. Source