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Bank of Japan Governor Ueda says BOJ JGB holdings will remain at current levels for now

Bank of Japan Governor Ueda

  • BOJ JGB holdings will remain at current levels for the time being
  • As seen in the rise in the overnight call rate, our decision this week was an interest rate hike
  • We would like to eventually decrease our JGB buying but for time
    being, we will take a wait-and-see stance
  • Our latest decision
    is based on understanding that we will leave it to markets to
    determine long-term rate moves
  • BOJ’s massive
    stimulus deployed by former governor Kuroda helped arrest sharp yen
    rises at the time, created jobs and improved corporate profits
  • Won’t comment on
    recent FX moves

more to come

This article was written by Eamonn Sheridan at www.forexlive.com.

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