
What the New BOJ Governor Could Mean for the Yen
The government of Japan announced the nomination of Kazuo Ueda as the replacement for BOJ Governor Haruhiko Kuroda. Who is the new governor, and what changes to expect?
The government of Japan announced the nomination of Kazuo Ueda as the replacement for BOJ Governor Haruhiko Kuroda. Who is the new governor, and what changes to expect?
BOJ doubled the cap on 10-year bond yields in a surprise policy tweak seen as a sign to normalisation and a potential prelude to hikes next year. Could this move lead to a return of capital and drive up borrowing costs worldwide?
Today, the Reserve Bank of Australia raised interest rates by 50 basis points, while the Bank of Japan is staying dovish. Uncertainty regarding monetary policies and inflation across Asia may have been the cause for mixed trading results on major Asian Indices today.
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