Recent rise in long-term rates likely won't have an impact on our new bond taper plan to be decided in June.Most important thing is that things are different now than during period when we had YCC.We don't look at the size of our JGB buying from standpoint of monetary policy.In tapering bond buying, giving market predictability, while maintaining flexibility, is most important.Whether to maintain current pace of bond taper beyond April 2026 will be something to be discussed leading up to the next policy meeting.Recent rise in super-long bond yields likely driven by global trend in yields, they are rapid but not necessarily abnormal.Don't think it's appropriate to recklessly intervene to correct bond yield moves.
Noguchi has talked a lot today but the core message is that he doesn't see any reason to intervene in the JGBs market or tweak the tapering because of the surge in long term yields.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
Read More Details
Finally We wish PressBee provided you with enough information of ( BoJ Noguchi: Recent rise in long-term rates likely won't have impact on bond taper plan )
Also on site :