BOJ tweaks policy to allow 10-year yields to rise up to 1%

TOKYO -- The Bank of Japan unexpectedly tweaked policy on Friday, providing more flexible bandwidth for government bond yields to fluctuate -- a potential step toward the end of the bank's yield curve control (YCC) framework.

The nine-member board's decision - an 8-1 majority vote -- will allow 10-year JGB yields to rise above the current cap of 0.5% up to 1%.