Central Banks

Japan’s fin min rolling out the commentary again, making a point that the Bank of Japan is not a branch of the government and is not there to fund government spending. Suzuki’s response comes after former Prime Minister Abe, earlier this week, described the BOJ as a government subsidiary that can fund government spending without limit.


  • G7 likely to discuss global economic challenges caused by russia’s
    invasion of ukraine
  • BOJ holds
    jurisdiction over monetary policy, management of its operations
  • BOJ is not
    government’s subsidiary
  • BOJ is buying govt
    bonds as part of its monetary policy effort to achieve price target
  • BOJ holdings of govt
    bonds could fluctuate sharply depending on monetary policy decisions
    at the time
  • inappropriate to
    conduct fiscal policy on the assumption BOJ will continue to buy
    bonds indefinitely

Dunno what Abe is playing at, maybe he was just in an obstreperous mood?

Source link

Articles You May Like

The 2-10 year yield rises to -27.3 basis points. A close here will be highest since Jan 29
BOE's Haskel says would rather hold rates until there is more certainty on inflation
Kickstart the FX trading day for July 11 w/a technical look at the EURUSD, USDJPY & GBPUSD
FX option expiries for 12 June 10am New York cut
PBOC sets USD/ CNY central rate at 7.13 (vs. estimate at 7.2730)

Leave a Reply

Your email address will not be published. Required fields are marked *