Is the BOJ Nearing Limits of Monetary Easing?
On The Move
Japan’s benchmark government bond yields are approaching levels that could convince the Bank of Japan to slow its debt purchases, according to Mitsubishi UFJ Morgan Stanley Securities Co. The BOJ announced last week that it would adjust the volume of its asset purchases as necessary in the short term to control bond yields, while keeping it at about 80 trillion yen ($796 billion) annually over the long term. The central bank, which has had a target to buy 8 trillion yen to 12 trillion yen in government bonds from the market each month, will release an outline of its buying plan for October at 5 p.m. on Friday. Goldman Sachs Japan Vice Chair Kathy Matsui discusses with "On the Move" hosts Guy Johnson in London and Caroline Hyde in Berlin. (Corrects title of guest in description.)