Bank of Japan Removes Explicit Safety Net, Signaling a New Era. Japan 10-Year Swap Tops 1%. BOJ’s UEDABOJ’s UEDA In Shambles
The Japan 10y swap goes beyond the 1% ceiling, BOJ's UEDA in shambles pic.twitter.com/MDrgOWzNgg — Alessio (@AlessioTMAD) October 31, 2023 The BOJ's strategy seems to be as obscure as possible as it tiptoes away from yield curve control. What does this even mean? “We decided that it’s appropriate to increase flexibility so that long-term yields …