Recap: BoJ Ueda says Bank on alert to impact of super-long yield swings on borrowing costs

Bank of Japan Governor Ueda’s comments from earlier today can be found here:

• Bank of Japan Governor Ueda says tariff negotiations means outlook remains uncertainan

Reuters have a bit of recap up now, focusing on ueda’s comments on Japanese Government Bonds:

• Shorter rates affects growth more than super-long yields
• Large swings in super-long yields could affect shorter end
• Uncertainty on U.S. trade policy, fallout remains high
• Remarks highlight BOJ’s attention to volatile yield moves

Eyes will be on next month’s Bank of Japan meeting (June 16-17) for discussions on the pace of bond tapering.

Bank of America expect tapering to proceed:

• BOJ likely to keep cutting bond purchases, says BofA

This article was written by Eamonn Sheridan at www.forexlive.com.