US yields have continued to rise in anticipation of tightening beyond normalization, and we should also prepare for a paradigm shift in Japan as well.
More Quotes from Masuhisa Kobayashi:
Giving a super-clear predictability on the course of monetary policy will not be good for any central bank.Masuhisa Kobayashi
Both the U. S. Federal Reserve Board and the European Central Bank have continued to raise interest rates in a businesslike manner regardless of political interference. Why can't the BOJ do that.
Masuhisa Kobayashi
As the government is growing increasingly receptive to the idea of a policy shift, the central bank could very well change policy as early as March 9.
Masuhisa Kobayashi
Although some government officials and ruling bloc lawmakers remain reluctant toward an early policy shift, there are nearly no objections in the private sector, including the banking industry, the insurance industry and business lobbies.
Masuhisa Kobayashi
If the Bank of Japan takes its first step to end 'quantitative easing' this week ... we believe that it is unwise to assume that the Bank of Japan will continue with zero interest rates for long after ending its policy.
Masuhisa Kobayashi
The CPI was higher than expected and is supportive for the BOJ. The markets have already discounted an early end to the quantitative easing policy.
Masuhisa Kobayashi
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