TOKYO -- The Bank of Japan is set to consider a further adjustment to its yield curve control (YCC) framework at Tuesday's monetary policy meeting, potentially allowing 10-year Japanese government bond yields to rise above 1%, sources close to the matter told Nikkei.
Bank of Japan
BOJ to tweak policy again to allow 10-year yields to exceed 1%
Central bank to also take a more flexible stance on JGB-buying operations
The BOJ hopes to deter speculators from targeting the ceiling it has set on Japanese government bond yields, sparing itself the need to buy droves of JGBs. (Photo by Konosuke Urata)
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