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Showing 21 - 30 of 44 results for "JGB"

Chief economist update: A prelude to taper?

BENJAMIN ONG  |  WEDNESDAY, 10 JAN 2018
The Bank of Japan's (BOJ) announcement that it's trimming ¥10 billion off its purchases of 10 to 25-year and 25 to 40-year JGBs sent the Japanese yen 0.5% higher against the US dollar to ¥112.43 after it sparked renewed taper speculations. While Bloomberg ...

Japan on reverse cycle?

BENJAMIN ONG  |  TUESDAY, 21 NOV 2017
... continue it has. At its last policy meeting (30-31 October), the BOJ kept policy unchanged - interest rate at -0.1%; 10-year JGB yield target at around 0% and asset purchases at an annual pace of ¥80 trillion - and promised that the bank will continue ...

The BOJ's boring Halloween

BENJAMIN ONG  |  WEDNESDAY, 1 NOV 2017
... policy meeting, the Japanese central served treats: As expected, it kept policy unchanged - interest rate at -0.1%; 10-year JGB yield target at around 0% and asset purchases at annual pace of ¥80 trillion - and promised that "the Bank will continue ...

Hawkish central banks? Not the BOJ

BENJAMIN ONG  |  FRIDAY, 7 JUL 2017
The release of the minutes of the Fed's and the ECB's June meetings have brought back financial market trepidation - sparked by last week's hawkish comments from central bank heads of the US, the Eurozone and the UK - that the end of cheap money is ...

The growth-inflation divide

BENJAMIN ONG  |  FRIDAY, 28 APR 2017
... hours. As widely expected, the Bank of Japan (BOJ) kept monetary policy settings unchanged - discount rate at -0.1%; 10-year JGB yield target at 0%; asset purchases at an annual pace of ¥80 trillion -- at the conclusion of its 26-27 April meeting. In ...

Three for three

BENJAMIN ONG  |  FRIDAY, 3 FEB 2017
... Board kept the policy interest rate unchanged at -0.1%, maintained its 10-year government bond yield target at around zero and JGB purchases "at more or less the current pace -- an annual pace of increase of about 80 trillion yen". "The Policy Board ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 21 DEC 2016
US composite PMI Markit Economics' flash US composite PMI fell to a reading of 53.7 in December - the lowest in three months - from November's final reading of 54.9 as stronger expansion in manufacturing (to 54.2 in December from 54.1) was more than ...

The twenty-first night of September

BENJAMIN ONG  |  MONDAY, 12 SEP 2016
... the Japanese central bank is "Running Out of Bonds to Buy" (WSJ) in about 18 months (and this, if it maintains its current JGB purchases at ¥80 trillion annually). And then there's the BOJ's conflicting statements on negative interest rates. Governor ...

Japan does a double double-dip

BENJAMIN ONG  |  TUESDAY, 17 NOV 2015
... will sustained growth and inflation. At its October meeting - where it kept interest rates unchanged at 0-0.1% and maintained JGB purchases at an annual pace of ¥80 trillion - the BOJ reiterated its positive assessment and outlook on the Japanese economy. ...

Damned lies and (actual) stats

BENJAMIN ONG  |  MONDAY, 18 MAY 2015
... someday, soon, the surprise would be if the BOJ alters current monetary policy settings, i.e., zero to 0.1% interest rates and JGB purchases at an annual pace of A¥80 trillion. While Governor Kuroda moved the bull's eye on the 2% inflation target from ...