"Bank of Japan Considers Adjusting Yield Curve Control to Allow Rates Above 0.5%"

The Bank of Japan is set to discuss a potential tweak to its yield curve control policy, allowing long-term interest rates to rise beyond the current cap of 0.5% by a certain degree. This proposed change would maintain the rate ceiling but permit moderate increases beyond that level, aiming to address market distortions caused by the central bank's large-scale purchases of Japanese government bonds.