{"id":45054,"date":"2026-04-20T15:20:45","date_gmt":"2026-04-20T15:20:45","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/ocbc-%ec%a0%84%eb%9e%b5%ea%b0%80%eb%93%a4%ec%9d%80-%ec%97%90%eb%84%88%ec%a7%80-%ec%87%bc%ed%81%ac%eb%a1%9c-%ec%9d%b8%ed%95%9c-%ec%9d%bc%eb%b3%b8-%ea%b5%ad%ec%b1%84jgb-%ec%88%98%ec%9d%b5%eb%a5%a0\/"},"modified":"2026-04-20T15:20:45","modified_gmt":"2026-04-20T15:20:45","slug":"ocbc-%ec%a0%84%eb%9e%b5%ea%b0%80%eb%93%a4%ec%9d%80-%ec%97%90%eb%84%88%ec%a7%80-%ec%87%bc%ed%81%ac%eb%a1%9c-%ec%9d%b8%ed%95%9c-%ec%9d%bc%eb%b3%b8-%ea%b5%ad%ec%b1%84jgb-%ec%88%98%ec%9d%b5%eb%a5%a0","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/ocbc-%ec%a0%84%eb%9e%b5%ea%b0%80%eb%93%a4%ec%9d%80-%ec%97%90%eb%84%88%ec%a7%80-%ec%87%bc%ed%81%ac%eb%a1%9c-%ec%9d%b8%ed%95%9c-%ec%9d%bc%eb%b3%b8-%ea%b5%ad%ec%b1%84jgb-%ec%88%98%ec%9d%b5%eb%a5%a0\/","title":{"rendered":"OCBC \uc804\ub7b5\uac00\ub4e4\uc740 \uc5d0\ub108\uc9c0 \uc1fc\ud06c\ub85c \uc778\ud55c \uc77c\ubcf8 \uad6d\ucc44(JGB) \uc218\uc775\ub960\uace1\uc120 \uc2a4\ud2f0\ud504\ub2dd\uc774 \uc77c\ubcf8\uc740\ud589(BOJ)\uc758 \uc2e0\ub8b0\ub3c4\uc5d0 \ub300\ud55c \uc758\uad6c\uc2ec\uc744 \ud0a4\uc6cc \ub2ec\ub7ec\/\uc5d4(USD\/JPY) \ucd94\uac00 \uc0c1\uc2b9 \uac00\ub2a5\uc131\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4\uace0 \ubc1d\ud614\ub2e4."},"content":{"rendered":"

OCBC\uc758 \uc2ec\ubaa8\uc2dc\uc639\uacfc \ud06c\ub9ac\uc2a4\ud1a0\ud37c \uc6e1 \uc804\ub7b5\uac00\ub294 \ubbf8\u00b7\uc774\ub780 \uc804\uc7c1\uacfc \ub9de\ubb3c\ub9b0 \uc5d0\ub108\uc9c0 \ucda9\uaca9 \uc774\ud6c4 \uc77c\ubcf8 \uad6d\ucc44(JGB\u00b7\uc77c\ubcf8 \uc815\ubd80\uac00 \ubc1c\ud589\ud558\ub294 \uad6d\ucc44) \uc218\uc775\ub960 \uace1\uc120(\ub9cc\uae30\ubcc4 \uae08\ub9ac \ud750\ub984)\uc774 \ub354 \uac00\ud314\ub77c\uc84c\ub2e4\uace0 \ubc1d\ud614\ub2e4. \uc774\ub294 2\uc6d4 \uc774\ud6c4 \ub2e4\ub978 G10(\uc8fc\uc694 10\uac1c \uc120\uc9c4\uad6d) \uc2dc\uc7a5\uc5d0\uc11c \uc218\uc775\ub960 \uace1\uc120\uc774 \ud3c9\ud0c4\ud574\uc9c4(\uc7a5\u00b7\ub2e8\uae30 \uae08\ub9ac \ucc28\uac00 \uc904\uc5b4\ub4e0) \ubaa8\uc2b5\uacfc \ub300\ube44\ub418\uba70, \uc77c\ubcf8\uc740\ud589(BoJ\u00b7\uc77c\ubcf8 \uc911\uc559\uc740\ud589) \uc815\ucc45\uc758 \uc2e0\ub8b0\ub3c4\uc5d0 \ub300\ud55c \uc758\ubb38\uc744 \ud0a4\uc6e0\ub2e4\uace0 \uc124\uba85\ud588\ub2e4.<\/p>\n

\uc774\ub4e4\uc740 BoJ\uac00 4\uc6d4 28\uc77c \uae30\uc900\uae08\ub9ac\ub97c 25bp(0.25%\ud3ec\uc778\ud2b8) \uc778\uc0c1\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \ub2e4\ub9cc \uc2dc\uc7a5\uc5d0\uc11c\ub294 \u2018\ub9e4\ud30c\uc801 \ub3d9\uacb0(hawkish hold\u00b7\uae08\ub9ac\ub294 \ub3d9\uacb0\ud558\ub418 \ud5a5\ud6c4 \uc778\uc0c1 \uac00\ub2a5\uc131\uc744 \uac15\ud558\uac8c \uc2dc\uc0ac\ud558\ub294 \uacb0\uc815)\u2019 \uac00\ub2a5\uc131\ub3c4 \uc544\uc9c1 \ubc18\uc601\ub3fc \uc788\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4. BoJ\uac00 \ud604\uc7ac \uc5ec\uac74 \ubcc0\ud654\uc5d0 \ube44\ud574 \ub300\uc751\uc774 \ub2a6\ub2e4\ub294 \uc6b0\ub824\uac00 \ucee4\uc9c0\uba74\uc11c 4\uc6d4 \uc778\uc0c1 \uc555\ub825\uc774 \ub192\uc544\uc84c\ub2e4\ub294 \ud3c9\uac00\ub2e4.<\/p>\n

BoJ Policy Credibility Under Scrutiny<\/h3>\n

BoJ\uac00 \uae08\ub9ac\ub97c \uc62c\ub9ac\uc9c0 \uc54a\uc73c\uba74 \ub2ec\ub7ec\/\uc5d4(USD\/JPY)\uc774 160\uc5d4\ub300\ub85c \uc0c1\uc2b9\ud560 \uc218 \uc788\ub2e4\uace0 \uacbd\uace0\ud588\ub2e4. \uc774 \uacbd\uc6b0 \uc77c\ubcf8 \uc7ac\ubb34\uc131(\ud658\uc728 \uc815\ucc45\uc744 \ub2f4\ub2f9\ud558\ub294 \uc815\ubd80 \ubd80\ucc98)\uc774 \uac1c\uc785\ud574 \ud658\uc728\uc744 155\uc5d4 \ubd80\uadfc\uc73c\ub85c \ub418\ub3cc\ub9ac\ub824 \ud560 \uc218 \uc788\ub2e4\uace0 \ubd24\ub2e4.<\/p>\n

\ub610 \uac00\ud0c0\uc57c\ub9c8 \uc7ac\ubb34\uc0c1\uc774 \ucd5c\uadfc \ubc1c\uc5b8\uc744 \ud1b5\ud574 \ub300\uc751 \uc758\uc9c0\ub97c \ub0b4\ube44\uce5c \uac83\uc73c\ub85c \ud574\uc11d\ud588\ub2e4. \uc774\ub4e4\uc740 2026\ub144 \ub9d0 \ub2ec\ub7ec\/\uc5d4 \ubaa9\ud45c\uce58\ub97c 155\uc5d4\uc73c\ub85c \uc720\uc9c0\ud588\ub2e4.<\/p>\n

\ubbf8\u00b7\uc774\ub780 \uc804\uc7c1\ubc1c \uc5d0\ub108\uc9c0 \ucda9\uaca9 \uc774\ud6c4 \uc77c\ubcf8 \uad6d\ucc44 \uae08\ub9ac \ucc28\uac00 \ud06c\uac8c \ubc8c\uc5b4\uc9c4 \uc810\uc740 BoJ \uc2e0\ub8b0\ub3c4\uc5d0 \ubd80\ub2f4\uc73c\ub85c \uc791\uc6a9\ud558\uace0 \uc788\ub2e4. \uc77c\ubcf8\uc758 2\ub144\ubb3c\uacfc 10\ub144\ubb3c \uad6d\ucc44 \uae08\ub9ac \uc2a4\ud504\ub808\ub4dc(\uc7a5\ub2e8\uae30 \uae08\ub9ac \ucc28)\ub294 120bp(1.20%\ud3ec\uc778\ud2b8) \uc774\uc0c1\uc73c\ub85c \ud655\ub300\ub410\ub2e4. \uc774\ub294 2025\ub144 \ub9d0 \uc8fc\uc694\uad6d\uc5d0\uc11c \uad00\ucc30\ub410\ub358 \uae08\ub9ac \uace1\uc120 \ud3c9\ud0c4\ud654\uc640 \uc815\ubc18\ub300\ub2e4. \uc2dc\uc7a5\uc774 BoJ\ub97c \u2018\uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00 \uc0c1\uc2b9)\uc744 \uc5b5\uc81c\ud558\uae30\uc5d0 \ub300\uc751 \uc18d\ub3c4\uac00 \ub290\ub9ac\ub2e4\u2019\uace0 \ud310\ub2e8\ud558\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4.<\/p>\n

4\uc6d4 28\uc77c \ud1b5\ud654\uc815\ucc45 \ud68c\uc758\uac00 \uc784\ubc15\ud55c \ub9cc\ud07c \ud658\uc728 \ubcc0\ub3d9\uc131\uc774 \ud06c\uac8c \ucee4\uc9c8 \uc218 \uc788\ub2e4\ub294 \uad00\uce21\ub3c4 \uc81c\uae30\ub410\ub2e4. \ub2ec\ub7ec\/\uc5d4 1\uc8fc\uc77c \ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \ud5a5\ud6c4 \ubcc0\ub3d9\uc131 \uc608\uc0c1\uce58)\uc740 16%\ub85c \uce58\uc19f\uc544 \uc5f0\uc911 \ud3c9\uade0\uc744 \uc6c3\ub3cc\uace0 \uc788\ub2e4. \uc774\ub294 \ud68c\uc758 \uacb0\uacfc\uac00 \u2018\uc778\uc0c1\u2019 \ub610\ub294 \u2018\ub3d9\uacb0\u2019\ub85c \uac08\ub9b4 \uc218 \uc788\ub294 \uc0c1\ud669\uc5d0\uc11c \uc2dc\uc7a5\uc774 \ubd88\uc548\ud574\ud558\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4. \uc2a4\ud2b8\ub798\ub4e4\u00b7\uc2a4\ud2b8\ub7ad\uae00(\uac19\uc740 \ub9cc\uae30 \uc635\uc158\uc744 \ud65c\uc6a9\ud574 \uc591\ubc29\ud5a5 \ud070 \ubcc0\ub3d9\uc5d0\uc11c \uc218\uc775\uc744 \ub178\ub9ac\ub294 \uc804\ub7b5) \uac19\uc740 \uc635\uc158 \uc804\ub7b5\uc774 \uac70\ub860\ub418\uc9c0\ub9cc, \uc774\ub294 \ubcc0\ub3d9\uc131\uc774 \ucee4\uc9c8 \ub54c \uc720\ub9ac\ud558\ub2e4\ub294 \uc810\uc744 \ud65c\uc6a9\ud55c \uac83\uc774\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\uc804\uc7c1\ubc1c \uc5d0\ub108\uc9c0 \ucda9\uaca9\uc5d0 JGB \uc218\uc775\ub960\uace1\uc120\ub9cc \uac00\ud314\ub77c\uc84c\ub2e4. OCBC\ub294 BoJ \uc2e0\ub8b0 \ud754\ub4e4\ub9ac\uba70 4\uc6d4 25bp \uc778\uc0c1 \uc555\ub825\u2191, \ub3d9\uacb0 \uc2dc \ub2ec\ub7ec\/\uc5d4 160\u00b7\uac1c\uc785 \uac00\ub2a5\uc131 \uacbd\uace0\ud588\ub2e4. \ubcc0\ub3d9\uc131\ub3c4 \uae09\ub4f1\ud588\ub2e4.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-45054","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=45054"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45054\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}