The End Game Scenario for the Bank of Japan
Market Depth
00:00
The History of Yield Curve Control
When yield curve control was first introduced in September of 2016, the aim wasn't necessarily to put a floor under deeply negative JGB yields either. The aim at the time was simply to just take the 10 year yield and make it an additional policy rate and pin it to around zero. And that's something to keep in mind when we think about a potential, you know, market reaction that might come of if the bank does remove the negative policy rate. If they lift policy rates from negative territory into zero or into positive or whatever it is, right? Because perhaps the reason that the bank Japan has been dragging their feet on keeping this negative rate as, you know,. in place is because they
Transcript
Play full episode
