Page 11 - Takahiko Wada News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Bank of Japan's surprise decision last week to raise a cap on interest rates was partly driven by policymakers' growing worries ultra-loose monetary settings would spark a repeat of the bruising yen selloff that the economy saw last year. The tweak to the BOJ's bond yield curve control (YCC) was the result of brainstorming sessions that came to a head in May, say sources familiar with the decision, just over a month after Kazuo Ueda succeeded his dovish predecessor Haruhiko Kuroda as the bank's chief. Pressure from Prime Minister Fumio Kishida's government also played a part, suggesting that future policy tweaks will be driven not just by the inflation outlook but market moves - notably the yen, the sources said.

Shinichi uchidaSeiji adachiRyozo himinoAsahi noguchiTetsushi kajimotoFumio kishidaTakahide kiuchiSam holmesLeika kiharaTakaya yamaguchiKentaro sugiyamaHirokazu matsunoKazuo uedaHaruhiko kurodaMasato kandaTakahiko wada