News Formal

IMF says more flexible BOJ yield control can prevent market whiplash

  • 📰 Reuters
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

The Bank of Japan could help prevent abrupt policy changes later by allowing more flexibility in its bond yield curve control, the International Monetary Fund said in its global financial stability report released on Tuesday.

Under yield curve control , the BOJ guides the 10-year government bond yield around 0% as part of efforts to sustainably achieve its 2% inflation target.

"While allowing more flexibility in the yield curve control policy could have some repercussions in global financial markets, such a change not only is warranted to meet monetary policy objectives but could also help prevent abrupt policy changes later that could trigger larger spillovers," the IMF said in the report.

The BOJ's new governor, Kazuo Ueda, stressed on Monday his resolve to keep ultra-low interest rates for now, brushing aside lingering market expectations of a near-term policy shift.

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:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ratio

is comprised.

United States United States Latest News, United States United States Headlines

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

Ahli Bank in Oman receives merger offer from Oman's Bank DhofarAhli Bank in Oman said on Tuesday it received a non-binding offer from Oman's second-biggest lender Bank Dhofar for a possible merger.
Source: Reuters - 🏆 2. / 97 Read more »