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The Bank of Japan has boosted its provisions for JGB losses – braced for higher rates

Bank of Japan info comes via Japanese media, Nikkei (gated):

  • The Bank of Japan has set aside the maximum provisions for losses on
    bond transactions
  • a sign of how the central bank is preparing for
    rising interest rates
  • For fiscal 2024, the
    BOJ raised the level of provisions to 100% for the first time, Nikkei
    has learned

Bank of Japan Governor Ueda

This article was written by Eamonn Sheridan at www.forexlive.com.

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