BOJ: More of the same, extremes of monetary policy – Not A Yes Man Economics

Barring minute changes, piece by piece the BOJ kept its monetary policy unchanged, says Shaun Richards from NotAYesManEconomics blog. Richards says ‘controlling yield curve’ represents more of the same in a sense that the bank would now be operating on the 10-yr bonds.

The only odd thing was BOJ’s decision to allow overshooting 2% inflation target, adds Richard. He then goes on to inform viewers that bank has decided to buy more of Topix ETF as they have a higher proportion of bank stocks. Mike Ingram, Strategist at BGC Partners, wonders what sort of benefit does strong banking share prices would have for an economy. The segment is hosted by Tip TV’s Zak Mir.