BOJ's fight to defend yield cap feeds weak yen cycle - Nikkei Asia

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BOJ's fight to defend yield cap feeds weak yen cycle - Nikkei Asia

Quick Summary

A weaker yen makes imports more expensive, leading to higher consumer prices and putting more pressure on the BOJ to tighten monetary policy to hold down inflation.

BOJ data on inter-office transfers, or money sent abroad by Japanese branches of foreign banks, is used to estimate the scale of the yen carry trade.

The currency has weakened beyond 136 to the dollar for the first time in 24 years as selling gained momentum after the BOJ decided last week to stay the course on easing.

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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Topics: Rates Central Carry Japanese Trade Bank Currency Interest Monetary Selling Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 19:59:00

News Timezone: GMT +9:00

News Source URL:

Language: English

Reading Time: 4 minutes read

Article Length: 597 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 4331

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: InvestingFinanceAsia

Official Website:

Update Frequency: 12 posts per day

Year Established: 1876

Headquarters: Japan

Last Updated: 10h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #19

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