BoJ enforces zero yield policy

06 July 2017

 

Just in case anyone thought the recent trend of Japanese ten year bond yields creeping higher was a sign the Bank of Japan was now accepting of a move away from zero, the BoJ made an announcement which made it clear it was not. The BoJ announced it would buy unlimited amounts of 10 year Japanese government bonds (JGB) in the secondary market at a yield of 0.11%. The announcement...

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