TOKYO : The Bank of Japan (BOJ) will scale back the maximum limit of its purchases of Japanese government bonds, it said on Tuesday, after ending its radical stimulus policies of negative interest rates and yield curve control (YCC).
FILE PHOTO: The Japanese national flag waves at the Bank of Japan building in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-Hoon/File PhotoTOKYO : The Bank of Japan will scale back the maximum limit of its purchases of Japanese government bonds, it said on Tuesday, after ending its radical stimulus policies of negative interest rates and yield curve control .
However, it also made cuts to the stated maximum limit of bond purchase amounts. The changes will apply to all bond maturities and for the April-June period. "Yields may rise, but psychologically, this is positive news for market players. This means the BOJ has started to allow the market to control yields."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BOJ leaning toward exiting negative rates in MarchTOKYO : A growing number of Bank of Japan policymakers are warming to the idea of ending negative interest rates this month on expectations of hefty pay hikes in this year's annual wage negotiations, four sources familiar with its thinking said.
Read more »
Japan’s economy avoids recession one week before BOJ meetingGDP expanded at an annualised pace of 0.4% in Q4 2023, reversing a 0.4% retreat initially reported.
Read more »
Dollar steady, yen soft as BOJ policy shift beckonsSINGAPORE : The dollar was steady on Monday as traders looked ahead to a week dominated by central bank meetings worldwide, with the Bank of Japan seemingly on the brink of ending negative rates and the focus on how many rate cuts the Federal Reserve projects.
Read more »
Inside the Tokyo vice clubs tricking women into sex workTOKYO — Yu is nervous. She tugs at her hair constantly and adjusts her mask to cover as much of her face as possible. As she displays dozens of credit cards bound with elastic bands and photocopies of bar bills showing eye-watering amounts, her movements are twitchy.
Read more »
Tokyo's controversial Yasukuni Shrine picks ex-admiral as chief priestTOKYO — Japan's Yasukuni Shrine has picked a former military commander as its chief priest in a move that could stir controversy over a site that other Asian nations see as a symbol of Japan's wartime aggression.
Read more »
Tokyo expected to be mainland Japan’s earliest bloomer in sakura seasonThis comes as Tokyo suffers the double whammy of warmer temperatures and the “heat island effect”.
Read more »