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Canada Market ETF

BOJ seen phasing out guidelines on ETF buying, focus on band on yield moves

Sumary of BOJ seen phasing out guidelines on ETF buying, focus on band on yield moves:

  • The poll comes ahead of the BOJ two-day rate review ending on Friday, where the central bank will unveil measures to make its yield curve control (YCC) policy and asset-buying schemes more effective and sustainable…
  • At Friday review, the BOJ will also discuss whether to allow 10-year yields to deviate more from its 0% target to breathe life back to a market made dormant by its dominance…
  • The central bank is expected to slightly widen an implicit band at which it allows long-term interest rates to move around its 0% target, the Nikkei newspaper reported on Thursday…
  • “We expect the BOJ will allow the implicit band to widen somewhat, considering activating trades and impacts on financial institutions’ profits,”……

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