Speculation grows of BOJ change to yield curve control policy

Japanese officials express concern about yen's slide

The depreciation of the yen against the dollar makes a revision to monetary easing policy more likely, analysts say. © Reuters

KENICHI ONOZAWA and TOSHIHIRO SATO, Nikkei staff writers

June 27, 2023 02:43 JST

TOKYO -- Markets in Japan were generally steady in response to comments made Monday by Japanese government officials aimed at halting the slide in the yen, as well as a statement from the Bank of Japan suggesting a possible revision to its yield curve control policy.

But as the central bank's next meeting scheduled for July approaches, markets could become more volatile.