Uchida is appearing in the Japanese Diet (parliament) today.
- difficult to get markets to price in YCC adjustment early
- will not be communicating on monetary policy ahead of meetings
- the Bank of Japan would face unrealised losses of 50 tln yen on its balance sheet if the yield on 10 year JGBs rise to 2%
Bank of Japan (BOJ) Deputy Governor Shinichi Uchida
Read the full article here