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Hideo Hayakawa is a former chief economist and director on the Financial institution of Japan. He spoke in an interview with Bloomberg (gated).
- He’s anticipating the BOJ will in all probability alter its yield curve management program at its coverage assembly this month (July 27 and 28), citing inflation that’s stronger than anticipated.
- “I count on they are going to make some form of adjustment to YCC this month”
- Doubling the BOJ’s allowed buying and selling band for the 10-year yield from 0.5% both facet of zero is a probable option to alter yield management
- “The BOJ could be very near the state of affairs the Fed was as soon as in — saying inflation is transitory after which being pressured to ditch that stance after the state of affairs worsens”
Earlier submit is right here:
BoJ
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