As bond yields approach the ceiling once more, the Bank of Japan may announce a significant policy adjustment this week.

With government bond rates increasing and the yen strengthening, the Bank of Japan is scheduled to hold a meeting this week, and some economists are predicting that it may abandon its yield curve management policy. The Bank of Japan surprised markets by increasing its tolerance range for 10-year ...

FTSE RUSSELL APPROVED CHINESE SOVEREIGN BONDS TO BE INCLUDED IN THE INDEX

Highlights –

• FTSE Russell approved Chinese sovereign bonds to be included in the index.
• Chinese government bonds (CGBs) will be added to the FTSE World Government Bond Index (WGBI).
• It will be done so in a period of over 36 months rat...

BOJ TO ASSESS ITS ULTRALOOSE MONETARY POLICY FRAMEWORK

Highlights –

• BOJ to assess its ultraloose monetary policy framework.
• The BOJ plans on studying the side effects of its monetary policy in March.
• The central bank has maintained short-term interest rates at minus 0.1 percent.

JAPAN’S BUDGET FOR FY2021 LIKELY TO BE MORE THAN $986 BILLION DUE TO PANDEMIC

Highlights –

• Japan’s budget for FY2021 to be more than $986 billion due to pandemic.
• Some 5 trillion yen has already been set aside for funds in addition to the above amount.
• The current FY2020 budget has been 102.66 trillion ye...

CORPORATE EARNINGS TO BRING DOWN TAX REVENUE IN JAPAN FOR FISCAL 2020

Highlights –

• Corporate earnings to bring down tax revenue in Japan for fiscal 2020.
• Tax revenue is expected to fall short by more than 8 trillion yen.
• Tax revenue in the current fiscal year through March may total to about 55 trillion...