BOJ lightens grip on yields under shadow of weak yen, inflation

Gov. Ueda cites aim of reining in currency 'volatility' in tweaking policy

20230728N BOJ Ueda

Bank of Japan Gov. Kazuo Ueda speaks to reporters after the July 28 policy board meeting. (Photo by Satoko Kawasaki)

Nikkei staff writers

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.