The Bank of Japan (BOJ) won’t unveil any action in the near term as the market digests its shift to a yield-targeting policy framework, believe analysts at Goldman Sachs. However, Allison Nathan and team said in their October 6 research piece titled “Central Bank Choices and Challenges” that the rate cuts will likely serve as a backstop against sharp yen appreciation. BOJ’s new policy framework will address market’s JGB scarcity concerns After analyzing Quantitative and Qualitative Easing (QQE) initiatives for the past three years, Rohan Khanna, a rates strategist at GS, notes that the BOJ holds around 40% of outstanding JGBs,…
Pension Funds And Central Banks Vie For Bonds With Rising Prices
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports