Central Banks
BOJ’s Ueda Signals Little Concern Over Highest Yields Since 2008
- Sudden, exceptional yield spike would prompt BOJ action: Ueda
- Ueda’s remark come ahead of next week’s board meeting
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Bank of Japan Governor Kazuo Ueda indicated he’s not too concerned about the recent ascent of the nation’s benchmark yield to the highest since 2008, adding that only a sudden, exceptional spike might warrant action.
“My understanding is that the rising trend since last year reflects the market’s views on the economy and inflation, or shifts in interest rates overseas,” Ueda said Wednesday morning in response to questions in parliament. “There is no major gap between our views and the market’s.”