The Bank of Japan’s ultra-dovish policy stance looks increasingly out of step with other central banks and Japan’s own inflation data. The BoJ renewed its commitment to ultra-low rates and defending the yield cap in yesterday’s meeting, following an attack on JGB futures that triggered the exchange’s circuit breaker on Wednesday.
The great BoJ divergence
The great BoJ divergence
The great BoJ divergence
The Bank of Japan’s ultra-dovish policy stance looks increasingly out of step with other central banks and Japan’s own inflation data. The BoJ renewed its commitment to ultra-low rates and defending the yield cap in yesterday’s meeting, following an attack on JGB futures that triggered the exchange’s circuit breaker on Wednesday.