BOJ researchers undermine Kuroda's view on bond buying
Tokyo
THE Bank of Japan's (BOJ) own researchers are undermining governor Haruhiko Kuroda's view that the market is functioning fine as the central bank buys an unprecedented amount of debt.
Some indicators suggest liquidity in Japanese government bonds is falling after long-term yields dropped, regulations changed and the central bank bought debt, according to a BOJ report published on March 19. A gauge of expected bond-price swings was set for its biggest quarterly gain since 2013 as two-year notes remained untraded from March 19-20 at Japan Bond Trading Co, the nation's largest inter-dealer debt broker.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin
Middle East tensions threaten global progress on inflation: World Bank
Heatstroke kills 30 in Thailand this year as South-east Asia bakes
Thailand to appoint former energy executive Pichai as finance minister, sources say
Consumer gulf widens as demand for premium and budget foods grows