BoJ to start quantitative tightening which could support Yen more than intervention
aliciagarciaherrero.substack.com
The Bank of Japan (BoJ) revealed at the June policy meeting the intention to reduce JGB purchases after the July meeting. While Governor Ueda stated that amounts could be substantial, details should only be unveiled at the BoJ’s meeting in July. The announcement of quantitative tightening (QT) marks a further departure from the unconventional monetary policy developed under former Governor Kuroda, with important implications for Japanese Government Bond (JGBs) yields and the Yen.
BoJ to start quantitative tightening which could support Yen more than intervention
BoJ to start quantitative tightening which…
BoJ to start quantitative tightening which could support Yen more than intervention
The Bank of Japan (BoJ) revealed at the June policy meeting the intention to reduce JGB purchases after the July meeting. While Governor Ueda stated that amounts could be substantial, details should only be unveiled at the BoJ’s meeting in July. The announcement of quantitative tightening (QT) marks a further departure from the unconventional monetary policy developed under former Governor Kuroda, with important implications for Japanese Government Bond (JGBs) yields and the Yen.