BoJ Oct Summary of Opinions: one member said must patiently maintain monetary easing; One member said given extremely high uncertainty and must take steps to make YCC operation more flexible
- One member said Japan's long-term rates coming under unexpectedly strong upward pressure from rising US yields.
- One member said prospects for sustainably, stably achieving the BoJ's price target heightening compared with when the central bank met in July.
- One member said appropriate to make YCC more flexible at this meeting, as real interest rates remain very low due to rising inflation expectations.
- One member said BoJ must gradually adjust the degree of monetary easing.
- One member said making YCC more flexible now will have huge benefits for future smooth exit from easy policy.
- One member said important to communicate to markets that investors need to prepare for a world when interest rates turn positive.
Via BoJ
08 Nov 2023 - 23:52- Fixed IncomeImportant- Source: BoJ
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts