⚠️ BOJ STANCE IS TO LET MARKET FORCES SET LONG-TERM RATES, GOVERNOR SAYS Full Story → https://t.co/MFj49n66Ub https://t.co/hTG7zfzzpP
BOJ GOVERNOR UEDA: NOT CONSIDERING ISSUING CBDC WITH NEGATIVE RATE
Bank of Japan Governor Haruhiko Kuroda is prepared to take action if bond yields see a significant increase, signaling readiness to intervene in markets.
Bank of Japan (BoJ) Governor Kazuo Ueda has made several key statements regarding the central bank's monetary policy. Ueda emphasized that the BoJ is not considering issuing a central bank digital currency (CBDC) with a negative rate. Additionally, he stated that the BoJ will be responsive in case of a significant yield increase and that long-term yields are primarily determined by market forces. Ueda also mentioned that the BoJ's monetary policy is unaffected by government finance considerations and that any policy adjustments will be made if inflation moves as expected. Furthermore, BoJ Executive Director Kato clarified that the bank has no immediate plans to unload its holdings of exchange-traded funds (ETFs).
