Bank of Japan Maintains Rates, Adjusts Yield Policy for Flexibility
TL;DR Summary
The Bank of Japan (BOJ) has announced increased flexibility in its yield curve control policy, maintaining the target level of the 10-year Japanese government bond yield at 0% but using the upper bound of 1% as a reference. The BOJ also raised the country's inflation outlook for fiscal years 2023, 2024, and 2025. The central bank's short-term policy rate remains at -0.1%, despite core inflation exceeding the 2% target for 18 consecutive months. The BOJ aims to conduct yield curve control through large-scale bond purchases and nimble market operations.
Topics:top-news#bank-of-japan#finance#inflation-outlook#interest-rates#monetary-policy#yield-curve-control
- Bank of Japan increases flexibility on yield curve control, keeps rates unchanged CNBC
- Bank of Japan Makes Modest Tweak to Yield Policy Bloomberg Television
- Morning Bid: All eyes on Bank of Japan's 1% yield cap Reuters
- BOJ Policy: It's Time to Accelerate Japan's YCC Exit Bloomberg
- Live news: Japanese government bond yields push near 1% on hints of BoJ easing Financial Times
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
79%
426 → 89 words
Want the full story? Read the original article
Read on CNBC