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28 May 2013
Flash: April BoJ minutes show caution over liquidity crunch - BBH
FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that the recent BOJ policy minutes from the April 26 meeting showed that a few members thought the bank should consider ways to prevent a liquidity crunch in the JGB market.
They add that one member thought bond markets could become unstable. Meanwhile, they write, “BOJ governor Kuroda is doing his part to support markets. He reiterated that Japan can cope with rising interest rates and that there are no signs investors have “excessively bullish expectations.””
They add that one member thought bond markets could become unstable. Meanwhile, they write, “BOJ governor Kuroda is doing his part to support markets. He reiterated that Japan can cope with rising interest rates and that there are no signs investors have “excessively bullish expectations.””