A flat yield curve is bad for the profitability of Banks, whose business is to borrow short and lend long.

平坦的收益率曲线不利于银行盈利，因为银行的业务是短借长贷。

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But the fact that the BoJ is pinning rates is helping to maintain a flat yield curve and wide spread with US rates, which in turn weakens the yen against the dollar.

但日本央行维持利率不变的事实有助于保持平滑的收益率曲线以及与美国之间较大的利差，这反过来会使日元对美元进一步走弱。

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But the fact that the BoJ is pinning rates is helping to maintain a flat yield curve and wide spread with US rates, which in turn weakens the yen against the dollar.

但日本央行维持利率不变的事实有助于保持平滑的收益率曲线以及与美国之间较大的利差，这反过来会使日元对美元进一步走弱。

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