BOJ playing 'kabuki' by saying it can control yield curve - ex-policymaker

BOJ playing 'kabuki' by saying it can control yield curve - ex-policymaker
 

The Bank of Japan's assertion that it can control the entire span of market interest rates is an exaggeration as in practice it is only targeting the benchmark 10-year bond yield, former BOJ board member Atsushi Mizuno said.
Mizuno, in a telephone interview with Reuters on Friday evening, shared some of the scepticism that has greeted the BOJ's change in policy to "yield curve control".
He said the new strategy showed the BOJ was stepping back from its lead role in stimulating the economy, putting the onus on Prime Minister Shinzo Abe's government to boost spending.
Last month the... read more

 
3 October 2016 in Business, Views: 34
Source: Reuters
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