|
||
Relevant:
|
2016-09-07 — wsj.com
The yen soared on Wednesday in Asia, driven by growing skepticism about the Bank of Japan's ability to take further easing measures this month.
... Many market participants also believe the BOJ's policy of buying ¥80 trillion ($784 billion) a year in Japanese government bonds is running up against practical limits. "There are some expectations [for easing] in the market, but it's not an easy task," said Akira Moroga, joint general manager of the market products division at Aozora Bank. ... Ashraf Laidi, currency strategist with Intermarket Strategy in London, said Mr. Kuroda's speech "echoed widely that repercussions on Japanese banks' profitability remain the elephant in the room," suggesting that further lowering the negative rate would be difficult. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |