Negative yields now account for a quarter of JPMorgan’s index for government bonds. No wait, I’m sorry, that was in January. Surely things are better, yes? Perhaps this handy chart will help:
“Bank of Japan’s Kuroda says rates could go to -.4%”
There is a policy meeting in Japan scheduled for the 27th of April. The fate of Abenomics should be the Topic of Discussion, but we know better. Last week The Wall Street Journal reported that BOJ Governor Kuroda called the yen’s recent rise “excessive”. Steps will be taken.
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