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Bonds Market Canada Market ETF

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

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

  • A majority of economists surveyed also said the BOJ would retain the current implicit 40-basis-point band at which it allows 10-year bond yields to move around its 0% target…
  • 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…
  • The BOJ currently sets two guidelines for its ETF buying, which is to buy at an annual pace of roughly 6 trillion yen ($55 billion) but up to 12 trillion yen…
  • Article content 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…
  • BOJ officials have given mixed signals on whether they could widen the 40-basis-point tolerance band set around the target…..

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