Bank of Japan Abandons Yield Curve Control, Sparks Speculation
TL;DR
The Bank of Japan has adjusted its ultra-easy monetary policy by discarding an explicit ceiling for 10-year Japanese government bond yields. In response to rising prices and the weakening yen, the central bank introduced more policy flexibility and established 1% as a new reference point for 10-year yields under its yield curve control framework.
Topics:top-newsmonetary-policy#bank-of-japan#inflation#japanese-government-bonds#monetary-policy#yield-curve-control
- BOJ discards explicit 1% ceiling for 10-year JGB yields Nikkei Asia
- Bank of Japan increases flexibility on yield curve control, keeps rates unchanged CNBC
- Bank of Japan Makes Modest Tweak to Yield Policy Bloomberg Television
- YCC Verdict: Bank of Japan Is Guilty of a Messaging Mistrial Bloomberg
- BOJ Shuffles Away from YCC, But Don't Tell Anyone Bloomberg
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