ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Bank of Japan in a fix as bond market regains animal spirits

Central bank seeks to avoid sparking 'Kuroda tantrum' at next meeting

Gov. Haruhiko Kuroda wants to dampen recent speculation about changes to rate controls at the Bank of Japan's meeting next week.   © Reuters

TOKYO -- It was shortly after 7 p.m. on July 20 when Naka Matsuzawa, Nomura Securities' chief rates strategist in Tokyo, received a startling email from a colleague at the brokerage's London branch.

A flurry of news reports that Friday evening had suggested a possible tweak to the Bank of Japan's interest rate targets, citing sources familiar with preliminary discussions.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more