BOJ heavyweight says central banks have considerable control over yields

Start your two days FREE TRIAL for FREE
Central banks’ battle with the global financial crisis showed they could exert a “considerable” impact on long-term interest rates even under today’s highly developed financial markets, a senior Bank of Japan official said on Wednesday. But more research is needed on how to pin down the desirable shape of the yield curve and to what extent central banks can control long-term interest rates, said Masayoshi Amamiya, the BOJ’s executive director overseeing monetary policy.
One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.