Having reviewed a draft proposal, Reuters reported that the Japanese Finance Ministry panel is likely to urge the government to issue shorter-duration debt to reduce interest-rate risk.
Additional takeaways Govt could adjust issuance size of super-long JGBs as life insurers unlikely to significantly increase holdings. Banks have scope to increase holdings of JGBs, can play big role in ensuring smooth debt issuance. Market reaction At the time of writing, USD/JPY is trading flat near 157.85, unperturbed by the above headlines. Japan ese Yen FAQs What key factors drive the Japan ese Yen? The Japan ese Yen is one of the world’s most traded currencies.
The current BoJ ultra-loose monetary policy, based on massive stimulus to the economy, has caused the Yen to depreciate against its main currency peers. This process has exacerbated more recently due to an increasing policy divergence between the Bank of Japan and other main central banks, which have opted to increase interest rates sharply to fight decades-high levels of inflation.
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