BOJ to tweak policy again to allow 10-year yields to exceed 1%

Oct 31, 2023 | News On Japan

Central bank to also take a more flexible stance on JGB buying operations

TOKYO - The Bank of Japan is set to consider a further adjustment to its yield curve control (YCC) framework at Tuesday's monetary policy meeting, potentially allowing 10-year Japanese government bond yields to rise above 1%, sources close to the matter told Nikkei.

The long-term interest rate is currently capped at 1%, with the central bank conducting unlimited fixed-rate buying operations to keep yields below that mark. This ceiling was introduced in July to replace the previous cap of 0.5%. ...continue reading

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