The Bank of Japan will likely offer numerical guidance on how much government bonds it will buy upon ending negative interest rates and yield curve control (YCC), to avoid causing market disruptions, said four sources familiar with its thinking. With inflation exceeding the BOJ's 2% inflation target for well over a year, many market players expect the central bank to pull short-term interest rates out of negative territory either next week or in April. Upon ending negative rates, the BOJ is also likely to ditch yield curve control (YCC) - a policy that guides the 10-year bond yield around 0% with a loose cap of 1%, the sources said.
BOJ to Offer Guidance on Bond Buying Pace Upon Ending YCC
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Japan s Economy Recovering but Showing Signs of Weakness, Says BOJ Chief Ueda
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.