Yen strengthens, stocks wobble after report Bank of Japan will discuss tweak to monetary policy

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Yen strengthens after report Bank of Japan will discuss tweak to ultraloose monetary policy setting

The yen was stronger against the U.S. dollar Thursday afternoon, while U.S. stock indexes softened and Treasury yields rose following a news report that said policy makers would discuss a possible tweak to the Bank of Japan’s so-called yield-curve control policy that would loosen the cap on long-dated government bond yields.

The Bank of Japan began implementing yield curve control, or YCC, in 2016, a policy that aims to keep government bond yields low while ensuring an upward sloping yield curve. Under YCC, the BOJ buys whatever amount of JGBs is necessary to ensure the 10-year yield remains below 0.5%. BOJ Gov. Kazuo Ueda in May said the bank would start shrinking its balance sheet and end its yield-curve control policy if a 2% inflation looks achievable and sustainable after many years of undershooting.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Deutsche Bank flags cost cuts as investment bank slump lowers profit By Reuters⚠️BREAKING: *DEUTSCHE BANK SHARES SLIP IN FRANKFURT AS INVESTMENT BANK SLUMP LOWERS PROFIT $DB $DBK 🇩🇪🇩🇪
Source: Investingcom - 🏆 450. / 53 Read more »