More on ex-BOJ Hayakawa expects Bank to tweak yield curve control (YCC) program this month

<p>Hideo Hayakawa is a former chief economist and director at the Bank of Japan. He spoke in an interview with Bloomberg (gated). </p><ul><li>He is expecting the BOJ will probably adjust its yield curve control program at its policy meeting this month (July 27 and 28), citing inflation that is stronger than expected.</li><li>“I expect they will make some kind of adjustment to YCC this month”</li><li>Doubling the BOJ’s allowed trading band for the 10-year yield from 0.5% either side of zero is a likely way to adjust yield control</li><li>“The BOJ is very close to the situation the Fed was once in — saying inflation is transitory and then being forced to ditch that stance after the situation worsens”</li></ul><p>Earlier post is here:</p><ul><li><a href="https://www.forexlive.com/centralbank/former-boj-director-hayakawa-expect-the-bank-to-tweak-ycc-at-the-july-meeting-20230714/" target="_blank" rel="follow" data-article-link="true">Former BOJ Director Hayakawa expects the Bank to tweak YCC at the July meeting</a></li></ul>

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