Addressing the post-policy meeting press conference on Friday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the Bank “decided to reduce JGB purchases to ensure long-term yields are formed more freely in markets.” The BoJ kept the interest rate steady at 0% for the second meeting in a row in June.
Addressing the post-policy meeting press conference on Friday, Bank of Japan Governor KazuoUedasaid that the Bank “decided to reduce JGB purchases to ensure long-term yields are formed more freely in markets.” The BoJ kept the interest rate steady at 0% for the second meeting in a row in June. Additional quotes Important to reduce JGB purchases in a foreseeable manner, while ensuring flexibility to be mindful of stability in bond market. Japan's economic, price uncertainties remain high.
Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen.
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