Not exact matches
Part of the problem is the BOJ maintaining its
easy monetary policy, which erodes lending margins and yields
from investments in government bonds.
It's our view that volatility should increase as the world moves
from the pervasively synchronized
easy monetary policy that we've seen over the past several years to the
policy divergence that is showing up today.
I have been vocal in recent months on my views on excess supply in numerous commodities stemming
from globalization,
easy monetary policies, and the ubiquity of technology.
Central banks increasingly are moving away
from excessively
easy monetary policy.
A moderating global growth dynamic and very
easy monetary policy abroad are also forces keeping the central bank
from initiating more rate normalization.
U.S. and Asia markets are only marginally affected by the British exit
from the EU and are supported by a mix of
easy monetary policy and economic growth.
Thisconclusion was supported by comments
from European Central Bank Executive Boardmember Juergen Stark who said an
easy monetary policy can have negativeeffects.
From early May to mid June, domestic bond yields followed global yields lower on concerns about potential deflationary pressures in the US and related expectations of
easier monetary policy abroad and in Australia.
U.S. and Asia markets are only marginally affected by the British exit
from the EU and are supported by a mix of
easy monetary policy and economic growth.