The central bank introduced negative rates and yield curve control in 2016, which had been a symbol of the BOJ's more-than-decade-long ultraloose monetary stimulus. The monetary easing framework, which involved a negative rate and yield curve control program, has "fulfilled" its role, the BOJ...
The Bank of Japan took a key step toward dismantling its easy monetary policy by making its yield curve control more flexible. Among the changes: The Bank of Japan will let 10-year Japanese bond yields BX:TMBMKJP-10Y reach as high as 1%, from the previous threshold of...
Bank of Japan Gov. Kazuo Ueda evidently disagrees when it comes to getting rid of his central bank’s highly unorthodox policy of yield curve control. By opting for the policy’s gradual removal instead of immediately abandoning it, Ueda is setting up the BOJ for a significant loss in ...
Jin Kenzaki, head of the Japan Research Department at Societe Generale Bank, said that despite “insufficient confidence” in achieving the 2% price target in a sustainable and stable manner, the Bank of Japan is expected to remove negative interest rates and yield curve controls in March. ...
TheBank of Japan (BOJ)announced it was ending its use of “yield curve control,” a measure that ends the negative interest rates that central bankers used to try to boost the country's stagnant economy.1Ending negative rates paves the way for the central bank to institute its firs...
TOKYO -- The Bank of Japan (BOJ) on Tuesday decided to end its negative interest rate policy and yield curve control policy, marking a major shift away from the long-running monetary easing that Japan has seen over the past decade to put an end to deflation. ...
Yield Curve Control (YCCFixed-rate purchase operationsHigh-frequency dataThis is the first study known to analyze fixed-rate purchase operations by the Bank of Japan (BOJ), as conducted under the policy of Quantitative and Qualitativdoi:10.2139/ssrn.3028405Takahiro Hattori...
Policy changes at the Bank of Japan could potentially reverse capital flows, shift global yields higher, contribute to a stronger yen, and increase the value of Japanese stocks.
The Bank of Japan had only just adjusted the yield curve control (YCC) policy in July, widening the acceptable range from 0.5 percent. But US yields kept rising, and domestic inflation in Japan proved to be stickier than expected. So in an Oct. 31 Halloween surprise, the BOJ made 1...
The Bank of Japan ended its eight-year negative interest rate policy on Tuesday, setting the policy interest rate in the 0% to 0.1% range, and canceling the yield curve control (YCC) policy. However, the Bank of Japan will continue to buy Japanese treasury bonds for roughly the same amoun...