s/balajisFX POLICY•1d
127
votes
6.2k
seen
Japan’s 30-year bond yield tops 4.2% as yen nears ¥160
Japan has stepped up warnings of yen support as the currency moves back toward ¥160 per dollar. Finance Minister Katayama said officials would not hesitate to take bold action, while currency diplomat Mimura said funding constraints would not limit yen-buying intervention. Officials have also checked exchange rates with banks.
The response is getting harder to manage as borrowing costs rise. Japan’s 30-year government bond yield has broken above 4.2%, versus near zero a decade ago, and uncertainty over future yields and Bank of Japan rate hikes is holding back a much larger repatriation of overseas Japanese assets.
The response is getting harder to manage as borrowing costs rise. Japan’s 30-year government bond yield has broken above 4.2%, versus near zero a decade ago, and uncertainty over future yields and Bank of Japan rate hikes is holding back a much larger repatriation of overseas Japanese assets.
Timeline3
4d
Finance Minister Katayama said Japan would not hesitate to take bold action on the yen.
4d
Japan’s 30-year bond yield broke above 4.2%, an all-time high in the cited source.
1d
Currency diplomat Mimura said Japan had no concern that funding constraints could limit yen-buying intervention.
1 comment
1d