Tagged: BOJ

The Day Today 19 Feb 2015

* ECB give Greece an extra 3.3bn EUR in ELA, to be reviewed in 2 weeks * Fed Minutes: prefer to keep rates lower for longer (Hilsenrath), and dollar strength “expected to be a . . . To read this article, please log in or sign up to one of our subscription packages. LOG IN…

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What happens to Japan when everyone else is doing a Japan

Strange things are afoot in the Japanese bond market. Yesterday, China cut the reserve ratio requirement for banks by 50bp, the first RRR cut since May 2012 (the third of the BRICs to ease this year, following India’s surprise January 25bp cut and Russia’s 200bp cut last week). We already know that yields are plummeting in the developed…

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