No-taper decision by U.S. Fed complicates Japan's drive for inflation

09/24/2013 | Bloomberg

Japan's implied forward yield, which looks ahead to two-year note rates in 2015, has eased to its lowest level since April after the U.S. Federal Reserve's surprise decision to maintain its $85 billion-a-month bond-buying program. This suggests the market doubts that Japan's inflation stimulus is likely to make much headway in the current environment.

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