New Markets
Wednesday, 7/8, 04:37 AM
Japan Weighs New Wording on the BOJ, and Bond Investors Get Nervous About Its Independence
- Japan's government is reportedly considering changing how its main economic-policy document describes the Bank of Japan, a subtle tweak that has revived a big worry: whether Tokyo wants more sway over a central bank that is supposed to be independent.
- The question matters to a bond market already sitting on multi-decade-high yields.