More from BOJ's Ueda on conditions for ending YCC and negative rates

<p>More from Bank of Japan Governor Ueda:</p><ul><li>
Don't expect 10-year JGB yield to rise sharply above our 1% reference
even if yields come under upward pressure</li><li>We will consider
ending YCC, negative rate if we can expect inflation to stably,
sustainably hit price target</li><li>In what order, what
part we will change policy will depend on economic, price, market
developments at the time</li></ul><p>More:</p><ul><li>
Making strong comments now on how we could change policy could have
unintended consequences in markets</li><li>When market
expectations of future rise in long-term yields heighten, it is hard
to deal with fine-tuning of YCC alone</li><li>Keeping yields
across the curve low with monetary easing has had big positive effect
on economy by stimulating demand, creating jobs</li><li>US Fed may at some
point cut interest rates if effect of monetary tightening up till now
works its way through US economy</li><li>If any US rate cut
is a result of soft landing in US economy, that could have positive
impact on Japan's economy</li></ul><p>

Earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-governor-ueda-says-japans-economy-is-recovering-moderately-20231117/" target="_blank" rel="follow" data-article-link="true">Bank of Japan Governor Ueda says Japan's economy is recovering moderately</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.