According to Jiji Press, the Bank of Japan (BoJ) is considering ending its yield curve control programme and instead indicating in advance the amount of government bonds it plans to purchase.
According to Jiji Press, the Bank of Japan is considering ending its yield curve control programme and instead indicating in advance the amount of government bonds it plans to purchase.
Key quotes “The Bank of Japan is considering scrapping its yield curve control program and instead indicating in advance the amount of government bonds it plans to purchase,” “It will stop its program to guide benchmark 10-year government bond yields to around 0%, as part of its efforts to normalize monetary policy.” “New framework would target the volume of purchases, rather than the yield.
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