BOJ's Himino Ties Rate Hikes, Bond-Taper Review to Market Conditions Amid Government Debt Selloff
Bank of Japan Deputy Governor Ryozo Himino said future policy rate increases will depend on growth, inflation and financial conditions, while officials will review bond-tapering plans carefully with market conditions and participant views in mind. He stressed the need for appropriate policy adjustments to maintain market participants’ confidence amid a recent selloff in government debt.
Himino said policymakers would remain mindful of Middle East developments when deciding the pace and timing of monetary policy normalization, warning that tensions could alter Japan’s economic projections. He also said higher long-term interest rates are being interpreted by markets as a sign of persistent inflation concerns worldwide.
From the sources (7 posts)
@firstsquawkBOJ’s Himino says higher long-term interest rates are being interpreted by markets as a sign of persistent inflation concerns worldwide.
@firstsquawkBOJ’s Himino says monetary policy will be guided appropriately to secure stable and lasting achievement of the inflation goal.
@firstsquawkBOJ’s Himino says policymakers will review bond tapering plans carefully, taking into account market conditions and participant views.
@firstsquawkBOJ’s Himino warns that Middle East tensions could alter Japan’s economic projections.
@firstsquawkBOJ’s Himino says future policy rate increases will depend on developments in growth, inflation, and financial conditions.
@firstsquawkBOJ’s Himino says policymakers will remain mindful of Middle East developments when deciding the pace and timing of monetary policy normalization.
@businessBank of Japan Deputy Governor Ryozo Himino highlighted the importance of appropriate policy adjustments to keep the faith of market participants amid a recent selloff in government debt