Bank of Japan Governor Ueda
- A 50bp rise in interest rates will boost interest payments for reserves by JPY 1tln
- There could be more side effects from monetary easing
- More interest rate hikes could come into sight if the price outlook continues to improve, and there might be some unpredictable impact on the economy
There is plenty of concern being expressed about rising yields today. The solid CPI report has seen yields rise in its wake.
- Japan Prime Minister Ishiba has strong concerns that rising yields may harm finances
- BOJ Governor Ueda warns loss of mkt confidence in Japan fiscal could drive JGB yields up
- More on Japan’s finance minister warning of fiscal strain as bond yields hit 15-year high
- Japan’s Core Inflation Hits 19-Month High, Strengthening Expectations for BOJ Rate Hikes
Ueda and Ishiba met earlier this week.
This article was written by Eamonn Sheridan at www.forexlive.com.
