Bank of Japan faces a policy dilemma as government bond yields keep hitting new highs
Inflatie
Japan's central bank is caught in a bind as soaring government bond yields risk upending its policy normalization process. The Bank of Japan faces a stark choice: sticking with its policy of raising rates and risking even higher yields and further slowing an already sagging economy, or holding, even cutting rates to support growth that could accelerate inflation further. Japanese government bonds have been scaling new peaks over the past month. On Thursday, yield on the benchmark 10-year JGBs
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