BoJ official sees no need to act against rising JGB yields
Bond taper plan should continue as price movements not disruptive, board member says
The Bank of Japan’s tapering of its bond purchasing programme should continue, a member of its monetary policy board has said, as the rise in yields over recent weeks had not been disruptive and merely reflected market expectations.
Speaking to business leaders in Miyazaki today (May 22), Asahi Noguchi noted that yields on 10-year Japanese government bonds (JGBs) had risen to nearly 1.6% in March. This compared with around 1.1% at the start of the year and around 0.8% last August.
“I personally
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