InvestIdeas

BOJ Bolsters Bond-buying Scale Today to Stem Spike in Super-long Note Yields

The Bank of Japan (BOJ) ramped up the scale of its bond-purchasing operation today (26th), attesting its commitment to defend the ultra-low interest rate policy.

The central bank offered to acquire JPY350 billion (about USD2.36 billion) of bonds with 10- and 25-year maturities, higher than the originally planned amount of JPY250 billion.

Related News: JPY Hits Fresh 32-yr Trough; JP Finance Minister: Speculative Yen Falls Will Not Be Tolerated

Nomura Securities' strategist Naka Matsuzawa expressed that the BOJ's decision to expand its bond-buying program was meant to demonstrate its determination to stem the surge in the yields on super-long notes.

Source: AAStocks Financial News

Top Contender To Replace Kuroda As BOJ Head Urges Removal Of Emergency Central Bank Support
https://www.zerohedge.com/markets/top-c ... nk-support

BOJ's next move will unwind loose policy, 92% of economists say

By Kantaro Komiya

Not only is the BOJ an outlier as central banks elsewhere tighten, but the 10-year tenure of the governor who has presided over the prolonged loose policy, Haruhiko Kuroda, will end in April.

Also, inflation is at a 40-year-high, partly because low Japanese interest rates have helped weaken the yen.

"Unlike in the U.S. or Europe, the BOJ has no reason to hasten a tightening, since the yen's weakening pace has slowed down and consumer inflation here remains modest when food and energy items are not counted."

The most likely option for the BOJ, were it to scale back its easing, would be tweaking the wording of its forward guidance.

Source: Reuters

https://finance.yahoo.com/news/bojs-nex ... 46990.html

Global Markets Jolted as BOJ Surprises With Yield Policy Change

by Masaki Kondo and Ruth Carson

Unexpectedly revised its yield-curve-control policy, signaling that the developed world’s last holdout to rock-bottom interest rates is inching toward policy normalization.

The move opens the door to a stronger yen and the repatriation of Treasury holdings into the JGB market.

Source: Bloomberg

https://finance.yahoo.com/news/yen-jump ... 49675.html

Treasury yields rise as Japan unexpectedly loosens its bond yield cap
https://www.cnbc.com/2022/12/20/treasur ... d-cap.html


BoJ Sparks Market Chaos With Huge 'Yield Curve Control' Adjustment
https://www.zerohedge.com/markets/boj-s ... adjustment

Japan will now allow 10-year yields to trade as high as 0.50%. And while this seems like a minor policy change, it is likely to cause some serious market volatility.

https://mobile.twitter.com/MacroAlf/sta ... 7944937472

Former Fed Vice Chair Roger Ferguson weighs in on Bank of Japan's bond yield shift
https://m.youtube.com/watch?v=FoqXuLc2Gqw

Japan's November core consumer inflation hits fresh 40-year high
https://www.channelnewsasia.com/busines ... gh-3164196


Mr. Yen Says BOJ May Surprise Again by Tightening in January
https://m.youtube.com/watch?v=BTldFz_GEbw&t=26s

黑田震撼！日圓回不去了？陳鳳馨喊：等一下！要看這指標【#風向龍鳳配 】
https://m.youtube.com/watch?v=Ps7G_6uFBDs

日通膨創40年最高 日銀準備吹響QE結束號角? TVBS文茜的世界周報-亞洲版 20221224 X 富蘭克林‧國民的基金
https://m.youtube.com/watch?v=12zsDxiR7Pw

"黑田震撼"2023將再度上演!? 日圓強勢走升 失落數十年將過去? 而"日本央行"什麼動作?!會再掀世界經濟波瀾...｜20230105｜@inewsplus
https://m.youtube.com/watch?v=Qf2Ujsv5d78