Bank Of Japan's Bond Purchase Reduction Leaves ETFs Flat, Yen Softens
Bank Of Japan's Bond Purchase Reduction Leaves ETFs Flat, Yen Softens
U.S.-traded Japan bond exchange-traded funds are staying flat on Friday following the Bank of Japan's announcement to reduce its purchases of government bonds. This move, coupled with the decision to maintain its policy interest rate, has led to decreased spending and a subsequent dip in the bond market.
在日本的債券交易所交易的交易所交易基金在週五保持不變，此前日本央行宣佈減少對政府債券的購買。這一舉動與維持政策利率的決定相結合，導致支出減少和債券市場的下滑。
Monetary tightening should prop up the Japanese yen, but the currency instead softened in response to the central bank offering no specifics on its bond strategy, the Wall Street Journal reported.
據《華爾街日報》報道，貨幣收緊應支持日元升值，但由於央行未對其債券策略提供具體信息，該貨幣相反地出現了軟化。
Despite the overall market's muted reaction, individual ETFs showed varied performance. WisdomTree Japan Interest Rate Strategy Fund (NASDAQ:JGBB) remained unchanged, while SPDR Bloomberg Barclays International Treasury Bond ETF (NYSE:BWX) slipped 0.09%. Franklin International Aggregate Bond ETF (CBOE:FLIA) ticked up 0.4% on Friday.
儘管整個市場反應平淡，個別ETF的表現各不相同。WisdomTree Japan Interest Rate Strategy Fund (NASDAQ:JGBB) 保持不變，而 SPDR Bloomberg Barclays International Treasure Bond ETF (NYSE:BWX) 下跌0.09%。Franklin International Aggregate Bond ETF (CBOE:FLIA) 在週五上漲0.4%。
Read also: Bank Of Japan Sticks To Easy Monetary Policy Amid High Uncertainties
請閱讀：日本銀行在高度不確定性中堅持寬鬆貨幣政策
The yen traded at around 158 to the U.S. dollar after the decision, up from 157 earlier, and recovered some lost ground later in the day.
該決定後，日元兌美元交易在158左右，稍高於先前的157，但在當天晚些時候回穩。
The bank kept its target for the overnight call rate between 0% and 0.1%, where it has been since it ended the world's last negative rate interest rate policy in March, according to WSJ.
根據WSJ，銀行將其隔夜撥款利率的目標保持在0%至0.1%，自從它於3月結束世界最後一次負利率政策以來一直如此。
Japan is in a tightening cycle, in contrast to the European Central Bank, which lowered rates for the first time since 2019, and the Federal Reserve, where officials expect to cut rates once this year.
日本正在進行緊縮週期，這與歐洲央行形成對比，後者自2019年以來首次降低利率，以及聯儲局，聯儲局官員預計今年將降息一次。
The Bank of Japan said in March it would keep buying Japanese government bonds worth around 6 trillion yen, equivalent to $38 billion, every month to maintain easy monetary conditions. On Friday, it said that amount would be reduced, with details to be decided at its next meeting at the end of July, the Journal reported.
日本銀行在3月份表示，將每月購買價值約6萬億日元（相當於380億美元）的日本政府債券，以保持寬鬆的貨幣條件。在週五，銀行表示將減少這筆金額，並在7月底的下一次會議上決定具體細節，這家報紙報道說。
The Japanese currency has stayed near its lowest level in more than three decades despite the government's recent yen-buying move as investors expect the interest-rate gap between the U.S. and Japan to remain wide.
儘管日本政府最近進行了日元購買，但投資者認爲美國和日本之間的利率差距仍將保持較大，因此日元仍處於三十多年來的最低水平。
Read now: Can Japan's Economy Continue To Blossom If Bank of Japan Raises Rates? Apparently So.
現在閱讀：如果日本央行加息，日本經濟能否繼續蓬勃發展？顯然可以。
Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。