{"id":17324,"date":"2016-02-02T21:51:00","date_gmt":"2016-02-03T02:51:00","guid":{"rendered":"http:\/\/olduvai.ca\/?p=17324"},"modified":"2016-02-02T21:51:13","modified_gmt":"2016-02-03T02:51:13","slug":"kuroda-suggests-no-limit-to-more-nirp-measures-to-stall-japanese-bond-yields-stocks-usdjpy-plunge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=17324","title":{"rendered":"Kuroda Suggests &#8220;No Limit&#8221; To More NIRP Measures To Stall Japanese Bond Yields, Stocks, USDJPY Plunge"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2016-02-02\/japanese-bond-yields-collapse-usdjpy-stocks-erase-boj-nirp-gains\" target=\"_blank\">Kuroda Suggests &#8220;No Limit&#8221; To More NIRP Measures To Stall Japanese Bond Yields, Stocks, USDJPY Plunge<\/a><\/h3>\n<div class=\"tabs\">With Nikkei 225 down 800 points from post-NIRP highs and USDJPY having almost roundtripped, there is little wonder that Japanese government bond yields are collapsing to<strong>\u00a0imply considerably deeper NIRP to come<\/strong>. With 10Y JGBs on the verge of a negative yield, 2Y yields are now at -17bps (well below Kuroda&#8217;s -10bps level).\u00a0<strong>Japanese bank stocks are a bloodbath\u00a0<\/strong>with Nomura leading the way lower.<\/div>\n<div class=\"node\">\n<div class=\"content\">\n<p>We&#8217;re gonna need more NIRP&#8230;<\/p>\n<ul>\n<li><strong>*JAPAN&#8217;S TOPIX INDEX FALLS 3.3% TO 1,404.75 AT MORNING CLOSE<\/strong><\/li>\n<li><strong>*JAPAN&#8217;S NIKKEI 225 FALLS 3.1% TO 17,194.17 AT MORNING CLOSE<\/strong><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/02\/02\/20160202_JAPAN1_0.jpg\" alt=\"\" width=\"600\" height=\"463\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>And that is what bonds are implying&#8230;<\/p>\n<ul>\n<li><strong>*JAPAN&#8217;S 2-YEAR YIELD FALLS TO RECORD MINUS 0.17%<\/strong><\/li>\n<li><strong>*JAPAN&#8217;S 10-YEAR BOND YIELD FALLS TO RECORD 0.045%<\/strong><\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/02\/02\/20160202_JAPAN2.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/02\/02\/20160202_JAPAN2_0.jpg\" alt=\"\" width=\"600\" height=\"309\" \/><\/a><\/p>\n<p>With the entire curve to 8Y below BoJ&#8217;s -10bps level&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/02\/02\/20160202_JAPAN4.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/02\/02\/20160202_JAPAN4_0.jpg\" alt=\"\" width=\"600\" height=\"293\" \/><\/a><\/p>\n<p>And Japanese bank stocks are plunging&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/02\/02\/20160202_JAPAN3.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/02\/02\/20160202_JAPAN3_0.jpg\" alt=\"\" width=\"600\" height=\"313\" \/><\/a><\/p>\n<p>Led by Nomura&#8217;s 11%-plus plunge &#8211; the most since 2011&#8230;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kuroda Suggests &#8220;No Limit&#8221; To More NIRP Measures To Stall Japanese Bond Yields, Stocks, USDJPY Plunge With Nikkei 225 down 800 points from post-NIRP highs and USDJPY having almost roundtripped, there is little wonder that Japanese government bond yields are collapsing to\u00a0imply considerably deeper NIRP to come. With 10Y JGBs on the verge of a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[57,1719,172,452,1225,572,8470,1138,4318],"class_list":["post-17324","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-japan","tag-bond","tag-cpi","tag-japan","tag-kuroda","tag-nikkei","tag-nomura","tag-stock-market","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17324"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17324\/revisions"}],"predecessor-version":[{"id":17326,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17324\/revisions\/17326"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}