Decades of ultra-low rates in Japan have left investment firms facing a shortage of experienced traders in the yen rates market, which dealers say could give rise to additional volatility as the Bank of Japan continues on a normalisation path.
“Due to the effects of prolonged the yield curve control (YCC) policy, there is a shortage of traders with experience in normal interest rate and dynamic market conditions,” said Shigeru Nonomura, managing director, global markets Japan at Nomura Securities
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