Kuroda Was Praising Bank of Japan Policies At Jackson Hole

“Kuroda, who spoke on a panel at Jackson Hole Saturday… is in love with his policies,” Axel Merk, president of Merk Investments, told CNBC Asia’s “Squawk Box” on Tuesday.
“He was bragging about how his policies are working and he was referring to how the bond yields are holding, whereas they have been spiking everywhere else,” added Merk.

After rising sharply in April and May on uncertainty about the implications of the BOJ’s decision to embark on aggressive monetary stimulus, Japanese government bond yields have edged down.

The benchmark 10-year yield is trading around 0.76 percent. In contrast, the 10-year Treasury yield has risen sharply recently to about 2.8 percent in anticipation of a scaling back of U.S. monetary stimulus.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza