On Tuesday, the Bank of Japan (BoJ) announced a change to its yield curve control policy, allowing the Japanese 10-year government bond to trade up to 50bps above or below its 0% target, versus 25 bps previously. This article analyses the BoJ’s decision through three key lenses: the yield curve; the yen; and inflation.
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The Bank of Japan's policy shift through 3…
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On Tuesday, the Bank of Japan (BoJ) announced a change to its yield curve control policy, allowing the Japanese 10-year government bond to trade up to 50bps above or below its 0% target, versus 25 bps previously. This article analyses the BoJ’s decision through three key lenses: the yield curve; the yen; and inflation.