Ex-BOJ’s Sakurai: The central bank is seen extending pandemic-aid scheme this week
|The Bank of Japan (BOJ) is likely to decide this week on extending the September deadline for the pandemic-relief programme, the former central bank board member Makoto Sakurai said on Tuesday.
Additional quotes
“BOJ likely to stick to YCC at least until Governor Kuroda’s term ends in April 2023.”
“Too early for BOJ to consider further steps to revitalize JGB market.”
“BOJ must eventually mull ways to unload its huge ETF holdings.”
Market reaction
USD/JPY is holding onto the recent uptick to weekly highs of 110.15 despite a retreat in the US yields and listless dollar.
The spot was last seen trading at 110.10, modestly flat on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.