TOKYO -- As the U.S. and Europe wind down their monetary tightening cycles, the Bank of Japan has tweaked its yield curve control policy to let interest rates rise up to 1%, aiming to ease the burden on a public squeezed by inflation and a soft yen.
Gov. Ueda cites aim of reining in currency 'volatility' in tweaking policy

Bank of Japan Gov. Kazuo Ueda speaks to reporters after the July 28 policy board meeting. (Photo by Satoko Kawasaki)
TOKYO -- As the U.S. and Europe wind down their monetary tightening cycles, the Bank of Japan has tweaked its yield curve control policy to let interest rates rise up to 1%, aiming to ease the burden on a public squeezed by inflation and a soft yen.