The BOJ faces the challenge of taking the policy rate to higher levels while carefully examining the effects of its gradual policy normalization after years of keeping borrowing costs depressed at ...
To fund it, Takaichi said the government plans to raise ¥29.6 trillion by selling new bonds ...BOJ eyes more hikes as revenues and real rates move ... Ueda’s comments came just days after the BOJ raised borrowing costs to the highest level since 1995 ... ....
Last week, BOJGovernor Kazuo Ueda’s board made good on its talk of higher interest rates, raising them to a 30-year high of 0.75% ... They’re pushing 10-year yields over 2% betting that yen weakness will force the BOJ to tighten further.
Japan’s yen yesterday crashed to an 11-month low against the US dollar, triggering a direct warning from Finance MinisterSatsuki Katayama that Japan would “take bold action” soon ... Many now think the BOJ won’t raise rates again anytime soon.
Japanese government bond yields continued their ascent, with the 10-year yield hitting a 26-year high, on expectations for further rate increases by the Bank of Japan... .