Bank of Japan Re-embraces Yield Curve Control | Roundup
Forward Guidance
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The Implications of Yield Curve Control From Japan
The bank of Japan is keeping global monetary policy a bit more accommodative than otherwise would have. This could be because that basically all things equal, that the Fed and others are doing QT. One other thing to keep in mind is that this carry trade for people in Japan buying US Treasuries, it's not just about the nominal difference between Treasuries and DGBs, but also the hedging costs.
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