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TOKYO (Reuters) - The Bank of Japan is likely to allow long-term interest rates to move more widely around its 0% target and reduce purchases of super-long bonds to steepen the yield curve, former deputy governor Kazumasa Iwata said.
FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020. REUTERS/Kim Kyung-Hoon
The moves will be among steps the BOJ will unveil in March to make its policy more sustainable, said Iwata, who retains close contact with incumbent policymakers.
The central bank may also use its loan programmes to pump money to financial institutions that invest more in green and digital technology, he told Reuters in an interview on Monday.
By Reuters Staff
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Feb 2 (Reuters) - Singapore Exchange said on Tuesday it had issued convertible bonds worth 240 million euros ($289.92 million) to institutional investors through its unit SGX Treasury I Pte Ltd.
The three-year zero-coupon bonds could be converted into ordinary shares of the company at an initial conversion price of S$13.0944 ($9.84), it said, at a 32% premium over Monday’s closing price of S$9.92.
The offer had been more than four times oversubscribed.
The Singapore bourse operator said proceeds from its maiden convertible bond issuance would be used to refinance existing debt, as well as for general corporate purposes.
South Korea's ruling party plans to prepare a fourth round of COVID-19 cash handouts and an extra budget of sufficient scale to support those affected by the nation's tough social distancing measures, its leader Lee Nak-yon said in a parliamentary speech on Tuesday.
U.S. President Joe Biden told a group of Republican senators on Monday he hoped his proposed $1.9 trillion COVID-19 relief package could pass with bipartisan support in the U.S. Congress, but he "will not settle for a package that fails to meet the moment," the White House.
Yields on 10-year Japanese government bonds edged higher on Tuesday after a strong auction for the benchmark tenor eased concerns about investors' demand for new debt.