Q&A: BoJ's Nakaso on QE, JGB liquidity and Basel III

Coherence of new Basel rules needs study, says BoJ deputy governor

Hiroshi Nakaso, Bank of Japan

Market participants have two big worries about the Bank of Japan's (BoJ) bond-buying programme, launched in April 2013: what happens when it stops, and what happens if it doesn't stop?

The first is based on fears that stocks and the economy will slump without the central bank's indirect support; the second reflects concerns that quantitative easing (QE) – expanded in October 2014 to target annual purchases of Japanese government bonds (JGBs) that are twice the size of planned issuance – will

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Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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