BOJ Holds Off on New Measures to Halt Bond Volatility

The BOJ’s Policy Board met today and released the minutes of the meeting reiterating the QE policy announced on April 4. Investors were disappointed that the BOJ didn’t implement measures to stop bond yields from rising. Reuters reported:

“Bank of Japan Governor Haruhiko Kuroda said the central bank will consider fresh steps to calm markets if borrowing costs spike again in the future, but the central bank held off on new measures on Tuesday arguing that bond markets had stabilized.”