Bank of Japan (BOJ) is considering the fate of its ETF buying and other stimulus measures upon exiting its massive stimulus program. The government's chief economist believes Japan can continue its deflation-fighting mandate even if BOJ ends negative rates. Pimco anticipates an end to negative rates in Japan potentially next month. BOJ's Uchida plans a communication strategy for bond buying after yield curve control (YCC) adjustments. Uchida also expects no significant changes and believes stopping ETF and J-REIT buying won't have a significant market impact.
A top Bank of Japan official said itβs hard to see the bank raising its policy rate continuously and rapidly even after the negative interest rate is ended https://t.co/eDup7KvBZm
π΄ BOJ GOVERNOR UCHIDA EXPECTS SERVICE PRICES TO RISE ALONGSIDE WAGE INCREASES
*BOJ'S UCHIDA: NO BIG MKT IMPACT EVEN IF BOJ STOPS BUYING ETFS let's find out
π΄ BOJ'S UCHIDA CONSIDERS OPTIONS FOR LARGE ETF HOLDINGS WHILE J-REITS PRESENT A SEPARATE ISSUE REQUIRING FURTHER CONSIDERATION.
π΄ BOJ'S UCHIDA: STOPPING ETF AND J-REIT BUYING WON'T HAVE SIGNIFICANT IMPACT ON MARKETS
π΄ BOJ'S UCHIDA: ADJUSTMENT TO YCC TO ALLOW FOR GREATER YIELD MOVEMENT, BOND BUYING TO REMAIN STABLE
π΄ BOJ'S UCHIDA PLANS COMMUNICATION STRATEGY FOR BOND BUYING AFTER YCC ADJUSTMENTS
π΄ BOJ'S UCHIDA: EXCESS RESERVES INCURRED 0.1% INTEREST PRIOR TO NEGATIVE RATES; OVERNIGHT CALL RATE RANGED FROM 0-0.1%
π΄ BOJ'S UCHIDA: COMMUNICATION AND MARKET OPERATIONS TO AVOID FINANCIAL MARKET DISRUPTIONS
π΄ BOJ'S UCHIDA EXPECTS NO SIGNIFICANT CHANGES
π΄ BOJ'S UCHIDA: JAPAN'S REAL INTEREST RATE DEEPLY NEGATIVE, MONETARY CONDITIONS VERY ACCOMMODATIVE
π΄ BOJ EXECUTIVE DIRECTOR SHIMIZU: ACCOMMODATIVE CONDITIONS WOULD PERSIST EVEN WITHOUT NEGATIVE RATES.
Pimco sees an end to negative rates in Japan potentially next month https://t.co/KIXk66WXP9
Additional BoJ Hikes Seen By Some Once Negative Rates End - @NikkeiAsia https://t.co/Tpafo7Pxw2
BOJ to examine fate of ETF buying upon stimulus exit -Gov Ueda https://t.co/gz5LUJbfRz
Japan can retain deflation-fighting mandate even if BOJ ends negative rates -govt official https://t.co/f82cpS5nOS https://t.co/c0gDLp9Gb3
Japan can retain its decade-old blueprint focusing on efforts to beat deflation even if the central bank were to phase out its massive stimulus with an end to negative interest rates, the government's chief economist has said. https://t.co/FsiAZipa2v
β οΈ BOJ TO EXAMINE FATE OF ETF BUYING UPON STIMULUS EXIT -GOV UEDA (Reuters) Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will examine whether to continue its purchases of risky assets, as well as other stimulus means, when sustained achievement of its 2%β¦ https://t.co/EUZWGju4U0