• BoJ's Sato: important to engineer a soft-landing from BoJ's unprecedented, massive stimulus programme

Market news

1 March 2017

BoJ's Sato: important to engineer a soft-landing from BoJ's unprecedented, massive stimulus programme

  • No consensus yet in BoJ's board on how frequently and by how much it could raise its yield targets if it were to do so in future

  • Shouldn't rule out possibility of raising BoJ's yield targets before 2 pct inflation target is achieved

  • BoJ may struggle to keep 10-yr JGB yield target around zero if consumer inflation accelerates around 1 pct later this year

  • BoJ should not raise yield targets just because long-term rates are rising in tandem with U.S. yields

  • Hard to set explicit interest rate levels in guiding yield curve to appropriate shape

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.