BOJ Policy Matters for Global Yields…..Last Central Bank Standing

Listen our markets news from Asia.   As the first central bank that lead the move to negative rates, QE, and central bank intervention under BOJ governor Kuroda is impending retirement is truly an end of an era. With his coming retirement the appointment of Professor Kazuo Ueda was a surprise.  Keep in BOJ policy matters as they are the last bastion of the carry trade, Japan is the largest investor in US treasuries (how fast will Japanese money be repatriated if the Yen strengthens with any potential change in policy?), and what impact would it have on broader global bond yields are important questions.   As the first central bank that lead the move to negative rates, QE, and central bank intervention under BOJ governor Kuroda is impending retirement is truly an end of an era. With his coming retirement the appointment of Professor Kazuo Ueda was a surprise.  Keep in BOJ policy matters as they are the last bastion of the carry trade, Japan is the largest investor in US treasuries (how fast will Japanese money be repatriated if the Yen strengthens with any potential change in policy?), and what impact would it have on broader global bond yields are important questions.  Hosted on Ausha. See ausha.co/privacy-policy for more information.