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Showing 1 - 10 of 33 results for "JGBs"

Chief economist update: Japan to double down on stimulus?

BENJAMIN ONG  |  MONDAY, 15 MAR 2021
... the BOJ's move to significantly impact Japan's economic growth and inflation (largely because it will run out of JGBs to buy)- a sentiment echoed by LDP lawmaker Kozo Yamamoto. Yamamoto - a key player in devising "Abenomics" - suggests that Japan ...

Chief economist update: BOJ expands Enhancement of Monetary Easing

BENJAMIN ONG  |  TUESDAY, 28 APR 2020
... called it "Expanded Enhancement of Monetary Easing". Most notable, the new programme removed the limit on purchases of 10-year JGBs to keep its yield at 0%; it increased its purchases of commercial paper and corporate debt to ¥20 trillion (from ¥3.2 ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
... cuts that it said will release 550 billion yuan (US$79B) of liquidity. The BOJ announced it would buy ¥200B (US$1.9B) of JGBs with maturities of five to ten years in an unscheduled move. It also said it would inject an additional ¥1.5T in two-week ...

Chief economist update: Coronaphobia sickens Japan

BENJAMIN ONG  |  MONDAY, 9 MAR 2020
... to announce an easing monetary policy very, very soon. But with its policy rate at negative 0.1% and targets the 10-year JGBs at zero, it may have very little option but to start the yen printing press.

Chief economist update: The BOJ needs to run faster to stay in the running

BENJAMIN ONG  |  MONDAY, 23 SEP 2019
... of Alice. But nah. The BOJ kept monetary policy settings as they were - the policy rate at -0.1%; the target for 10-year JGBs at around zero percent; and, purchase "exchange-traded funds (ETFs) and Japan real estate investment trusts (J-REITs) so that ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... since January 2016 and in September of the same year, the BOJ announced: "The Bank will purchase Japanese government bonds (JGBs) so that 10-year JGB yields will remain more or less at the current level (around zero percent)". Safe-haven yen purchases ...

Chief economist update: Expect more of the same from the BOJ

BENJAMIN ONG  |  TUESDAY, 18 JUN 2019
... With the BOJ's policy rate currently at negative 0.1% and its "yield curve control" measure keeping the yield on 10-year JGBs at "around zero percent", the Japanese central bank cannot lower rates some more - take them deeper into the negative - ...

Chief economist update: The greatest challenge of our time

BENJAMIN ONG  |  THURSDAY, 30 MAY 2019
... GFC low of 2.95%. Meanwhile, Euro bond yields are minus 0.17% - they dropped to 2.9% during the GFC - and yields on 10-year JGBs are currently trading at minus 0.09% (versus 1.2% during the GFC). Certainly, despite all the uncertainties and the challenges ...

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

BENJAMIN ONG  |  TUESDAY, 15 JAN 2019
... because of the negative consequences - the Japanese yen appreciated, the Nikkei-225 index fell, and the yield on 10-year JGBs rose - these speculations ignited and their impact on Japan's economic growth and inflation....and so it has. The BOJ hosed ...

Chief economist update: BOJ on a steady

BENJAMIN ONG  |  TUESDAY, 30 OCT 2018
... policy settings will remain unchanged - policy rate unchanged at -0.1%; the target for 10-year Japanese government bond (JGBs) yield at around zero; and, bond purchases would be maintained at an annual pace of ¥80 trillion - although the financial and ...
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