The Bank of Japan has begun pulling back from massive purchases, coinciding with government promises of cash handouts and tax cuts ahead of elections.
1 report, 1 independent
Updated Jul 15
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What happened
The Bank of Japan has begun pulling back from massive purchases, coinciding with government promises of cash handouts and tax cuts ahead of elections.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Japanese stocks fell due to fiscal concerns amid BoJ rate hike pressure and a Taiyo Yuden stake sale.Sub-event
BoJ reduces purchases as government promises tax cuts and cash handouts.1 source
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The entities involved
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Bank of Japan
the central bank of Japan
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Shigeru Ishiba
President of the Liberal Democratic Party from 2024 to 2025 and Prime Minister of Japan from 2024 to 2025
Nothing else this week.
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Coverage
Newest first; wire copies grouped- BloombergJapan Bond Rout Touches New Pain Point as 10-Year Yield Rises (Bloomberg) -- Japan’s long-term government debt yield touched the highest level since 2008, as a raft of election tax-cut pledges puts i