Thursday, December 12, 2024

Tag: In Surprise Move Bank of Japan Allows Bond Yields to Rise

In Surprise Move Bank of Japan Allows Bond Yields to Rise

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    by Peter Schiff, Schiff Gold:

    While most central banks around the world have tightened monetary policy in an attempt to bring price inflation under control, Japan has done the exact opposite. But in a surprise move, the Bank of Japan widened its target range for 10-year Japanese bond yields, effectively raising the interest rate.

    The move strengthened the yen, put more pressure on a weakening dollar, and rattled the global bond market.