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BOJ survey highlights strong bond market strains from ultra-easy policy
The Bank of Japan's massive asset-buying scheme introduced in 2013 led to a sharp deterioration in the function of the country's bond markets, which continued to worsen after the adoption of its yield curve control, a central bank survey of market participants showed on Friday (Dec 1). The findings highlight the strains that the central bank's prolonged super-loose monetary policy has inflicted on market liquidity in the world's third-largest economy, and comes amid heightening market expectations that the BOJ is starting to consider an exit from ultra-low interest rates.The special survey, which came on top of a ... (full story)