The Bank of Japan\u2019s wait-and-see approach is being stress-tested live as bonds fall and the yen remains weak, even after intervention, with some analysts wondering whether the cool approach to interest rate increases on the part of the monetary authorities might be feeding into the problem.<\/p>\n
\u201cI believe long-term bond yields are rising partly because of concerns that the BOJ is falling behind the curve, as inflation might accelerate,\u201d said Shinichiro Kobayashi, chief economist at Mitsubishi UFJ Research & Consulting.<\/p>\n
Economic uncertainty and soaring crude oil prices fueled by the Middle East conflict have stoked global inflation fears, driving a flight to the dollar, analysts said. The yen is now trading back at \u00a5159 to the dollar, after being forced down into the \u00a5155 range, and is again near the point that could force action by the government.<\/p>\n","protected":false},"excerpt":{"rendered":"The Bank of Japan\u2019s wait-and-see approach is being stress-tested live as bonds fall and the yen remains weak,…\n","protected":false},"author":2,"featured_media":685653,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,60584,5471,99,2003,164,56522,5465,28586,330388,175911],"class_list":["post-685652","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-boj","tag-bonds","tag-business","tag-dollar","tag-economy","tag-forex","tag-inflation","tag-japanese-economy","tag-jgb","tag-yen"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/685652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=685652"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/685652\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/685653"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=685652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=685652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=685652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}