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

Notícias do Mercado

1 março 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

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