Bank of Japan's (BOJ) newly introduced negative rate has sparked some consequences in Japanese government bond (JGB) issuance.
Ministry of Finance, Japan, announced today that due to falling yields, from February 5th, it will halt sale of certain type of 10 year Japanese government bonds to retail investors, municipalities and some other type of investors.
This practice is not new however. Back in January, due to drop in yield, ministry had already halted sales of five year bond to these investors. Investments in two year bonds were halted back in 2013. These bonds typically sold in smaller slices of ¥50,000.
From the market perspective, most of the effects from BOJ's easing is on its way to evaporate.
Before BOJ introduced easing, Yen was trading 118.8 per Dollar, after which it traded as high as 121.6 per Dollar but now it is back at 119.4.
Nikkei was trading around 17000, now it's back at 17200, after trading as high as 17900.


Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level
Japan’s Rising Inflation Strengthens Case for a Near-Term BOJ Rate Hike
FOMC Minutes Expected to Reveal Deep Policy Divide as Markets Eye December Rate Cut
FxWirePro: Daily Commodity Tracker - 21st March, 2022
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates
Fed Officials Split as Powell Weighs December Interest Rate Cut
New RBNZ Governor Anna Breman Aims to Restore Stability After Tumultuous Years 



