BFM Podcast
Japan Throws A Yield Curve Surprise
21-Dec-22 07:00
Song Seng Wun, Economist, CIMB Private Banking
The Bank of Japan caught markets off guard by tweaking its yield curve control policy. This allows the yield on the 10-year JGB to move 50 basis points either side of its 0% target. This caused the Yen to appreciate by 4% against the US Dollar. Song Seng Wun, Economist, at CIMB Private Banking tells us the implications of this.
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