BOJ tweaks operational functions of yield curve control

Tue Dec 20 2022
Eric Whitman (323 articles)
BOJ tweaks operational functions of yield curve control

The Bank of Japan said on Tuesday it will widen the band at which it will allow the 10-year government yield to move around its 0% yield target, as part of fine-tuning measures to address the cost of prolonged monetary easing.

The BOJ also decided to sharply increase the amount of government bond buying, it said in a policy statement.

As widely expected, the BOJ kept unchanged its -0.1% target for short-term interest rates, and 0% for the 10-year government bond yield by a unanimous vote.

It also maintained its policy guidance that pledges to ramp up stimulus as needed, and projecting that short- and long-term interest rates will move at “current or lower levels.”

Eric Whitman

Eric Whitman

Eric Whitman is our Senior Correspondent who has been reporting on Stock Market for last 5+ years. He handles news for UK and Europe. He is based in London