BoJ paper finds QQE has not ‘significantly’ damaged bond market liquidity
Some signs liquidity may be falling amid central bank purchases
A working paper published today (May 8) by the Bank of Japan (BoJ) finds government bond market liquidity has not decreased "significantly" since the central bank ramped up its programme of quantitative and qualitative easing (QQE) in October 2014.
Liquidity in JGB markets: an evaluation from transaction data, by Tetsuo Kurosaki, Yusuke Kumano, Kota Okabe and Teppei Nagano, puts together a new set of market liquidity indicators in an attempt to assess fears that market functioning might have
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