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%.
Germany emerged from its winter recession in Q2, but its GDP stagnated, raising concerns about the health of Europe's biggest economy. The economy didn't grow as expected (0.1%), and revised figures showed the slump was less severe. During April-June, private consumption supported economic stability.
Germany emerged from its winter recession in Q2, but its GDP stagnated, raising concerns about the health of Europe's biggest economy. The economy didn't grow as expected (0.1%), and revised figures showed the slump was less severe. During April-June, private consumption supported economic stability.
