BOJ Eases Grip on Rates
Posted on 10/31/2023
The Bank of Japan (BOJ) seeks to end its almost monopoly of control over Japan’s bond market. The BOJ has overseen the Japanese government debt market since it introduced yield-curve control in September 2016. The BOJ’s ownership of outstanding bonds surpassed 50%. By loosening its grip on long-term interest rates, the BOJ is considering permitting…
