Japan Throws A Yield Curve Surprise
Song Seng Wun, Economist, CIMB Private Banking
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The Bank of Japan caught markets off guard by tweaking its yield curve control policy. This allows the yield on the 10-year JGB to move 50 basis points either side of its 0% target. This caused the Yen to appreciate by 4% against the US Dollar. Song Seng Wun, Economist, at CIMB Private Banking tells us the implications of this.
Image credit: Shutterstock
Produced by: Michael Gong
Presented by: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San
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Categories: markets, economy, international
Tags: yen appreciation, yield curve control, bank of japan, japanese yen, us dollar,