bank of japan

Bank of Japan's surprise move under Governor Kazuo Ueda led to looser bond yield control. Yen and bond yield fluctuations ensued. Target for 10-year yields stays at 0%, but 0.5% ceiling is now a flexible reference point, not a strict limit. Short-term negative interest rate remains at -0.1%...

USDJPY. The IMF-World Bank Tokyo convention of super bankers attracted 20,000 attendees last week, including their staff and friends. Missing from this group was the Chinese foreign minister, and the head of the Chinese central bank. Replacing them are their assistants. This seems to be a snub...

The yen traded near the lowest level versus the euro this year as the Bank of Japan said it may provide 1 trillion yen ($10 billion) of subordinated loans to banks, raising concern it will flood the market with currency. The euro advanced versus the yen and pound after a report showed German...