Dropping global bond yields, recession fears put BOJ in a bind
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TOKYO (Reuters) - Downward-spiralling bond yields and other potential signs of global recession have strung a tightrope for the Bank of Japan: it must keep pumping money aggressively to spur growth, but also prevent borrowing costs from sliding too far below the target.If yields keep falling, they could force the BOJ to take a deeper look at the feasibility of yield curve control (YCC), some analysts say. The policy, aimed at preventing long-term interest rates from sliding too much, is a..