The Bank of Japan caught markets off guard by tweaking its yield curve control policy. This allows the yield on the 10-year JGB to move 50 basis points either side of its 0% target. This caused the Yen to appreciate by 4% against the US Dollar. Song Seng Wun, Economist, at CIMB Private Banking tells us the implications of this.

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Produced by: Michael Gong

Presented by: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San

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Categories:  markets,  economy,  international

Tags:  yen appreciation,  yield curve control,  bank of japan,  japanese yen,  us dollar,