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.
在日本的债券交易所交易的交易所交易基金在周五保持不变，此前日本央行宣布减少对政府债券的购买。这一举动与维持政策利率的决定相结合，导致支出减少和债券市场的下滑。
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.
据《华尔街日报》报道，货币收紧应支持日元升值，但由于央行未对其债券策略提供具体信息，该货币相反地出现了软化。
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.
尽管整个市场反应平淡，个别ETF的表现各不相同。WisdomTree Japan Interest Rate Strategy Fund (NASDAQ:JGBB) 保持不变，而 SPDR Bloomberg Barclays International Treasure Bond ETF (NYSE:BWX) 下跌0.09%。Franklin International Aggregate Bond ETF (CBOE:FLIA) 在周五上涨0.4%。
Read also: Bank Of Japan Sticks To Easy Monetary Policy Amid High Uncertainties
请阅读：日本银行在高度不确定性中坚持宽松货币政策
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.
该决定后，日元兑美元交易在158左右，稍高于先前的157，但在当天晚些时候回稳。
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.
根据WSJ，银行将其隔夜拨款利率的目标保持在0%至0.1%，自从它于3月结束世界最后一次负利率政策以来一直如此。
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.
日本正在进行紧缩周期，这与欧洲央行形成对比，后者自2019年以来首次降低利率，以及美联储，美联储官员预计今年将降息一次。
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.
日本银行在3月份表示，将每月购买价值约6万亿日元（相当于380亿美元）的日本政府债券，以保持宽松的货币条件。在周五，银行表示将减少这笔金额，并在7月底的下一次会议上决定具体细节，这家报纸报道说。
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.
尽管日本政府最近进行了日元购买，但投资者认为美国和日本之间的利率差距仍将保持较大，因此日元仍处于三十多年来的最低水平。
Read now: Can Japan's Economy Continue To Blossom If Bank of Japan Raises Rates? Apparently So.
现在阅读：如果日本央行加息，日本经济能否继续蓬勃发展？显然可以。
Photo: Shutterstock
Photo: shutterstock