Reported about 11 hours ago
Officials from the Bank of Japan (BOJ) have expressed reluctance to intervene in the bond market even as benchmark yields reach their highest levels since 2008. Governor Kazuo Ueda stated that the rising yields reflect market sentiment regarding Japan’s economy and inflation, suggesting the market should dictate rates. The BOJ is cautious about stepping in to avoid setting thresholds for traders that could disrupt market functioning, marking a significant shift in their intervention posture after ending yield curve control last year.
Source: YAHOO