BOJ Slightly Loosens Enforcement of Yield Curve Control

At this month’s scheduled Board meeting, Bank of Japan policymakers sent a mixed message, on the one hand stressing “the Bank needs to patiently continue with monetary easing under Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control” but also at last tweaking the rules surrounding its long-term interest rate target with the assertion […]