TOKYO -- The Bank of Japan is likely to alter its ultraloose policy between July and September as the weakening yen drives up prices and poses a political headache for the government, an executive with a U.K.-based hedge fund said in an interview with Nikkei.
Mark Dowding, chief investment officer of BlueBay Asset Management, which oversees more than $120 billion and is building a sell position on Japanese government bonds, predicts the BOJ may abandon its yield-curve control strategy by the end of the year, saying that if that happens, "selling JGBs is an attractive trade."
