On December 20, 2022, the Bank of Japan issued a policy statement stating that it will raise the upper limit of the 10-year government bond yield from 0.25% to about 0.5%, and lower the acceptable long-term interest rate fluctuation range from about plus or minus 0.25%
Wide to about plus or minus 0.5%. At the same time, the scale of the Bank of Japan's purchase of government bonds will increase to about 9 trillion yen per month. Affected by it, the Japanese stock market suddenly fell off a cliff, and the 10-year government bond futures triggered a circuit breaker and suspended trading.
Obviously, this policy adjustment can be said to be a major decision made by the Bank of Japan in violation of many years.
Not only that, this time the Bank of Japan decided to increase the monthly purchase amount of government bonds to 9 trillion yen, and at the same time increase the yield target of long-term government bonds, etc., in order to stimulate the Japanese government bond market and attract more domestic and foreign funds. Buy Japanese government bonds. From this perspective, the current governor of the Bank of Japan Kuroda Haruhiko is actively showing favor to the ruling Kishida government, and even cheering for its upcoming "strengthening the army". Of course, considering the next central bank The issue of the candidate for the president of is obviously suspected of sacrificing the independence of the Bank of Japan to ensure the continued re-election of Haruhiko Kuroda. Is Japan's monetary policy serving "military expansion"? @环球网
