BOJ Gov Ueda Earlier Said Not Expecting 10-year Yield To Rise To 1% Made Yield Curve Control More Flexible To Enhance Sustainability Of Easing; Need To Continue Monetary Easing Under Yield Curve Control
Portfolio Pulse from Charles Gross
Bank of Japan Governor Ueda stated that he does not expect the 10-year yield to rise to 1% and emphasized the need for continued monetary easing under yield curve control. He also mentioned making yield curve control more flexible to enhance the sustainability of easing.
July 28, 2023 | 8:55 am
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The comments from BOJ Governor Ueda about maintaining monetary easing and keeping the 10-year yield below 1% could potentially impact the iShares MSCI Japan ETF (EWJ).
The Bank of Japan's monetary policy directly affects the Japanese economy and, by extension, the performance of Japanese stocks. The iShares MSCI Japan ETF (EWJ), which tracks the performance of publicly traded companies in the Japanese equity market, could be influenced by these policy decisions. However, the exact impact is uncertain and depends on various other factors.
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