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Showing 11 - 20 of 44 results for "JGB"

Chief economist update: The curse of Japan's consumption tax hike

BENJAMIN ONG  |  TUESDAY, 15 JAN 2019
About this time last year, financial markets were awash with speculation the Bank of Japan (BOJ) would follow the Fed's lead and start implementing a monetary policy exit strategy. Speculations started to gain prominence as early as January 2018 ...

Chief economist update: BOJ on a steady

BENJAMIN ONG  |  TUESDAY, 30 OCT 2018
The Bank of Japan (BOJ) starts its two-day monetary policy meeting today and it's not about to give financial markets a Halloween spook when it announces the policy board's decision tomorrow. Monetary policy settings will remain unchanged - ...

Chief economist update: Stability is doing it for Japan

BENJAMIN ONG  |  MONDAY, 24 SEP 2018
Another new set of tariffs will take effect today in the on-going Sino-US trade battle. Yet most equity markets around the world registered gains last week ahead of its implementation. This is because US-China tariff phase two is less onerous than was ...

Chief economist update: Little market reaction from BOJ tweak

BENJAMIN ONG  |  FRIDAY, 24 AUG 2018
... tax hike scheduled to take place in October 2019." "The bank will purchase Japanese government bonds (JGBs) so that 10-year JGB yields will remain at around zero percent. While doing so, the yields may move upward and downward to some extent mainly depending ...

Chief economist update: The BOJ kills off specs (for now)

BENJAMIN ONG  |  WEDNESDAY, 1 AUG 2018
... interest rates that shot up only a few days ago: "The Bank will purchase Japanese government bonds (JGBs) so that 10-year JGB yields will remain at around zero percent. While doing so, the yields may move upward and downward to some extent mainly depending ...

Chief economist update: At the core-core of it

BENJAMIN ONG  |  TUESDAY, 31 JUL 2018
... hold." The BOJ can decide and announce anything it wants later today so long as it does not prompt further increases in the JGB yields (it would dampen growth) and yen appreciation, which together with softer growth, would further impede economic growth ...

Chief economist update: BOJ to stop throwing good money after bad?

BENJAMIN ONG  |  TUESDAY, 24 JUL 2018
The big news overnight comes courtesy of the Bank of Japan (BOJ) or rather speculations (again) that it's discussing possible changes to its looser-than-loose monetary policy. There are so many combinations and permutations as to what the BOJ would ...

Chief economist update: Hostage to speculations

BENJAMIN ONG  |  FRIDAY, 16 MAR 2018
The Bank of Japan (BOJ) faces an uphill battle in its quest to normalise monetary policy if economic and financial market agents continue to "hear what they want to hear and see what they want to see." The yen rose to its highest level since November ...

Chief economist update: No stealth tapering, no exit strategy...yet

BENJAMIN ONG  |  WEDNESDAY, 24 JAN 2018
"QQE with Yield Control" is here to stay as long as it's necessary to "achieve the price stability target of 2 percent" and "stays above target in a stable manner". The Bank of Japan (BOJ) couldn't be clearer on its forward guidance following the conclusion ...

Chief economist update: Bond sell bomb shell

BENJAMIN ONG  |  THURSDAY, 11 JAN 2018
Bill Gross - known as the "king of bonds" - has recently dropped a bombshell, or in this case, a bond sell. The Financial Times reports that: "The Janus Henderson manager said the $2.2bn Global Unconstrained Bond Fund has taken a short position on Treasuries ...