On top of returning to positive rates, the BOJ also decided to scrap its yield curve control policy, under which the central bank bought large quantities of Japanese government bonds to keep long-term interest rates at around zero percent to maintain accommodative financial conditions. Meanwhile, t...
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 ...
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. After a two-day policy meet...
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...
Analysts at the Mitsubishi UFJ said that even if the Bank of Japan ends its negative interest rate policy and yield curve control (YCC), tomorrow's Bank of Japan meeting may not be a decisive turning point to boost the yen. In their report, they said, “The Bank of Japan must release...
A news report by Nikkei about a likely tweak to the Bank of Japan’s yield-curve control was all it took for investors to realize that the world’s last remaining floor on interest rates might be shifting. The BoJ followed through on Friday, by switching to...
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...
In March, theBOJ raised interest rates for the first time in 17 years— ending the world's last negative rate regime — and scrapped the yield curve control policy in a radical policy move. However, the central bank said at that time it would continue topurchase J...
In March, theBOJ raised interest rates for the first time in 17 years— ending the world’s last negative rate regime — and scrapped the yield curve control policy in a radical policy move. However, the central bank said at that time it would continue topurchase JGBs at a pace o...
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.