Not exact matches
He has implemented a massive stimulus policy by cutting the central bank's benchmark interest rate to negative, keeping the 10 - year Japanese government bond
yield near 0 percent
in an effort to
control the
yield curve and stepping up the Bank of Japan's asset purchases.
And
in fact, the Fed could theoretically
control the entire
yield curve of US government debt if it merely targeted a rate.
Nevertheless, Canada has been able to
control inflation and has been a successful inflation targeter since 1991, influencing economic activity and aggregate prices through adjustments
in interest rates at the short end of the
yield curve.
target and maximum levels, assumed, for Mr. Hoyt's Wholesale Banking Group, continued double - digit loan growth and favorable credit quality; for Mr. Oman's Home and Consumer Finance Group, improvement
in the home mortgage business due to cost
control and expected improvements
in the
yield curve favorably affecting earnings from hedging activities; and for Ms. Tolstedt's Community Banking Group, growth
in deposits, especially low or no - cost core deposits, continued loan growth, and stable credit loss rates.
As a consequence of these concerns the Bank of Japan introduced
in September 2016 QQE with
yield curve control (view post here).
This is only the third time the bank has used this tool since it adopted a «
yield -
curve -
control» policy
in September 2016, targeting a 10 - year
yield of around zero.
They want to stay on the short end of the
yield curve to
control their interest rate risk but are taking on an increasing amount of lower credit - quality issuers
in an attempt to increase their
yield.
As for its asset purchase program, the BOJ reaffirmed that,
in keeping with its so - called «QQE With
Yield Curve Control» framework, the BOJ «will purchase Japanese government bonds (JGBs) so that 10 - year JGB
yields will remain at around zero percent.»