A versatile Fisco Corporate Research Reporter's Column: Mabuchi’s Eye | Episode 6 "How Will Yield Curve Control Affect Foreign Exchange?" [Mariko Mabuchi]
Mariko Mabuchi Profile
Mariko Mabuchi. 7 years of investing experience. Assigned to asset management at a company during the early days of Abenomics, then after three years as a full-time trader, became a corporate research reporter at Fisco. Currently also handles marketing at Japan Cloud Capital. Graduated from Doshisha University Faculty of Law, completed Public Policy at Kyoto University Graduate School of Public Policy, Master of Public Policy. Won Miss Doshisha during university.
Official Blog:https://ameblo.jp/mabuchi-mariko/
Twitter:https://twitter.com/marikomabuchi
※ This article is a reprint/edit of an article from FX攻略.com, September 2020 issue. Please note that the market information written in the main text may differ from current market conditions.
Around the world, central banks are lowering policy rates, purchasing large amounts of government bonds, and launching large-scale fiscal stimulus, yet interest rates are not rising. This phenomenon is called the "death of interest," where the function of interest rates is undermined. Even after the COVID-19 crisis subsides, it is said that interest rates may or may not recover, which is unclear. In this context, discussions on Yield Curve Control (YCC) at the U.S. Federal Reserve Board (FRB) have emerged. What does this mean? Let’s unravel it.
