About this work
Ending Japan's extraordinary monetary easing marked a turning point, but full normalization remained distant in April 2024. The Bank of Japan's large government bond holdings and the market effects of yield curve control complicated the transition. Reducing that footprint gradually carried implications for the yen and public finances.
Abstract
Ending Japan's extraordinary monetary easing marked a turning point, but full normalization remained distant in April 2024. The Bank of Japan's large government bond holdings and the market effects of yield curve control complicated the transition. Reducing that footprint gradually carried implications for the yen and public finances.
Cite this work
Jonathan Fortun (2024). Global Macro Views: The BoJ Pivot. Institute of International Finance.