More on BOJ Dep Gov Uchida and a July 'tweak': "We will continue YCC" for the time being

<p>The headline comments from Bank of Japan Deputy Governor Uchida are here:</p><ul><li><a href="https://www.forexlive.com/centralbank/boj-dep-gov-uchida-says-will-maintain-ycc-to-help-continue-easy-monetary-conditions-20230706/" target="_blank" rel="follow" data-article-link="true">BOJ Dep Gov Uchida says will maintain YCC to help continue easy monetary conditions</a></li></ul><p>Its from the Nikkei, which is usually gated, but if you can access it here is the link:</p><ul><li><a href="https://asia.nikkei.com/Editor-s-Picks/Interview/BOJ-deputy-chief-urges-balanced-decision-on-yield-curve-control" target="_blank" rel="nofollow">Uchida tempers expectations for a swift adjustment in policy</a></li></ul><p>Yeah, he isn't indicating any near-term change to YCC:</p><ul><li>Uchida said he was "very aware" of yield curve control's effect on market functions.

"We want to make a balanced decision" on tweaking this policy, he said, "with an eye on monetary interventions and market functions, and on how well we can maintain monetary easing."</li><li>

"We will continue YCC" for the time being, he said.
</li></ul><p>On the 'tweak' back in December when the Bank of Japan expanded the range it tolerated for the 10 year JGB yield:</p><ul><li>"We were seeing more of a boost from easing, but we were also experiencing greater side effects in terms of the bond market's functions,"</li></ul>

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