Small font size A Larger text size A Largest text size A

Some in BOJ called for further rate hikes, June summary shows

BY Reuters | ECONOMIC | 08:09 PM EDT

TOKYO, June 24 (Reuters) - Some Bank of Japan board members called for further interest rate hikes to push the central bank's policy rate closer to levels deemed neutral to the economy, a summary of opinions at their June policy meeting showed on Wednesday.

"Unlike in the United States and Europe, Japan's policy interest rate remains below the estimated range of the neutral interest rate. It is necessary to bring the policy rate closer to the neutral rate as soon as possible," one member was quoted as saying.

(Reporting by Leika Kihara; Editing by Jacqueline Wong)

More Fixed Income News

FOREX-Dollar at 13-month high as rate hike bets, stock rout boost demand BY Reuters |ECONOMIC 09:48 PM EDT
JGBs hold steady as market weighs timing of BOJ hikes, demand at debt sales BY Reuters |ECONOMIC 09:44 PM EDT
PRECIOUS-Gold slips as Fed rate-hike expectations buoy dollar BY Reuters |ECONOMIC 09:21 PM EDT
Some BOJ policymakers call for faster rate hikes, summary shows BY Reuters |ECONOMIC 08:29 PM EDT

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article