Why Negative Rates Are Negative for the Yen

In her first interview since leaving the Bank of Japan’s policy board less than two weeks ago, Sayuri Shirai said the BOJ has little room to cut its new negative rate. Shirai, who voted with Governor Haruhiko Kuroda during most of her five-year term, was one of four dissenters on the January decision to adopt the rate. She said the central bank needs to do a better job of communicating its policy and also warned that it is likely to run up against limits on its bond purchases within two years. BNP Paribas Global Head of FX Strategy Steven Saywell discusses this and the outlook for the Yen with Bloomberg’s Manus Cranny on “Countdown.”

BofAML's Yamada Sees Yen Weakening Later This Year
36:38 - Bank of America Merrill Lynch FX and Equity Strategist Shusuke Yamada discusses the currency markets and his outlook for the yen and non-economic. He speaks on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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