Tokyo Market Calms Down, Bank of Japan Reports Increase in Long-Term Interest Rate Fluctuations | Reuters

[Tokio 18 Reuters]- The Tokyo market on the afternoon of the 18th has begun to regain its composure. At the monetary policy meeting held by the Bank of Japan from today to 19, it was reported that the allowable fluctuation range of long-term interest rate manipulation would expand to approximately plus or minus 0.25%. Stock prices have also reduced their rate of increase, but are on a return trend.

The Nihon Keizai Shimbun announced on the 18th that the Bank of Japan will slightly widen the range of provisions for fluctuations as a measure to induce long-term interest rates from the current plus or minus 0.2% to plus or minus 0.25% in this monetary policy. . decision meeting. I reported that it was an address. The purchase of exchange-traded funds (ETFs) is expected to be 6 trillion yen a year, and the buying stance will be clarified only when the market is turbulent.

Mizuho stock market analyst Ryosuke Matsuzaki commented on the expansion of long-term interest rate fluctuations, saying: “0.25% is the normal rate increase for central banks, which is a reasonable level. Although it has been sold, if the details of the inspection are clarified at the decision meeting tomorrow and the uncertainty is lessened, it will be easier to buy for the purpose of carrying. I think the rates are unlikely interest rates rise sharply ”.

The yield on Japan’s 10-year longer-term government debt (long-term interest rate) temporarily increased from 0.085% in the previous session to 0.115% in the last session, but has recently returned to 0.100%. The dollar / yen pair also fell to 108.62 yen at one point, but has recently risen to around 108.85 yen.

The Nikkei average has lowered its rate of increase from the closing price of 488 yen to 127 yen at one point, but is currently at the higher 300 yen level.

Sony Financial HD financial market research senior economist Mr. Hiroshi Watanabe is a “softening of the last purchase at this time of the inspection purpose so you want to remove the prospect of buying the ETF, if necessary, aggressively than ever. There is a high possibility that a message to buy the product will also be displayed. ” The purchase price of ETFs has already declined in the context of the recent rise in share prices, and the impact on the market is expected to be limited.

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