fxs_header_sponsor_anchor

News

BOJ’s Suzuki: Haven't decided on fate of pandemic relief programme that expires in March

The Bank of Japan (BOJ) Suzuki said that the central bank hasn’t decided on the fate of the pandemic relief programme that reaches the deadline in March.

Additional comments

Structural problems Japanese financial institutions face have not changed since when I became board member more than four years ago.

Japan's financial system has become somewhat more stable than before thanks to govt, BOJ measures to ease hit from the covid pandemic.

Without change at financial institutions to face structural woes, hard to sustain stability in Japan’s financial system

No change to basic view laid out on the economy, prices in BOJ’s Oct quarterly report.

Spread for Japan corporate bond, CP narrowing quite a bit.

Smaller firms' funding conditions have improved as a whole, but remain severe for some sectors.

Want to scrutinise BOJ’s Dec Tankan in deciding whether to extend the deadline for pandemic-relief programmes.

BOJ’s pandemic-relief programmes were introduced as an emergency step, so need to terminate them at some point in the future.

Market reaction

USD/JPY is off the daily highs, battling 113.00, despite the rebound in the US dollar alongside the Treasury yields.

The spot is currently trading at 113.05, up 0.29% on the day.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.