BOJ stabilizes JGB market as yields avoid disorderly moves, JPMorgan says
JPMorgan says the BOJ prevented long-term government bond yields from rising in a disorderly manner, citing Gov. Kazuo Ueda’s cautious stance on cost-push inflation and a nimble approach to possible additional rate increases.
The Bank of Japan has managed to keep long-term government bond yields from moving up in a disorderly way, JPMorgan said in a note. JPMorgan said Gov. Kazuo Ueda’s cautious stance on cost-push inflation, along with his flexible approach to any additional rate increases, has eased concerns about the BOJ.