Skip to main content

Reconciling our latest forecasts for JGBs and the yen

Although the 10-year JGB yield has dropped back by about 10bp since the Bank of Japan refrained this week from abandoning Yield Curve Control, we think the yield will rebound when – or quite possibly before – a new Governor ditches the policy in April. After all, there is still a significant “kink” in the curve that suggests the 10-year JGB yield would be closer to 0.75% than 0.5% if it weren’t being held down by the Japanese central bank’s bond purchases.

In view of the wider interest we are also sending the Capital Daily to clients of our Global Markets Service.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access