Bank of Japan

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

Gov. Ueda says bank has no plan now to drop yield curve control policy

20230728 BOJ Gov presser 1

 Bank of Japan Gov. Kazuo Ueda speaks at a news conference on July 28. (Photo by Satoko Kawasaki)

AKIRA KITADO, Nikkei staff writer
July 28, 2023 12:55 JST
Updated on July 28, 2023 17:55 JST

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.

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