This is not quite Japan’s ‘Truss moment’ – ex-BoJ board member
Experts add that central bank is unlikely to have to intervene directly in sovereign bond market
The Bank of Japan is unlikely to have to intervene in the country’s sovereign debt markets, experts have told Central Banking ahead of February 8’s snap election, despite some commentators saying the country may be facing a ‘Liz Truss moment’.
Japanese prime minister Sanae Takaichi’s campaign pledges, which include tax cuts and higher government spending, sent Japan government bond (JGB) yields to 40-year highs in recent weeks.
Some commentators have said Japan may be facing something akin the UK
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