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The Bank of Japan's decision on July 28 to make its yield cap program more flexible may provide the central bank with some room to see if price dynamics are indeed changing and wage growth is continuing to accelerate the recipe for finally attaining its 2 percent inflation goal.

United statesShoki omoriMasamichi adachiMari iwashitaRyuichi kodamaKazuo uedaInternational monetary fundEuropean central bankMeiji yasuda research instituteJapan governor kazuo uedaGovernor kazuo uedaMizuho securitiesMeiji yasuda researchBank of japanOj yield capOj yield curve