Haruhiko Kuroda starts to demolish the BOJ's ultraloose policy

Central bank governor's final task: Cross bridge to a robust monetary framework

20221221 Kuroda BOJ

Bank of Japan Gov. Haruhiko Kuroda has spearheaded an ultraloose monetary policy since taking the helm of the central bank in 2013. (Nikkei montage/Reuters/Tsuneyuki Kenmochi)

SETSUO OTSUKA, Nikkei financial policy and markets editor

TOKYO -- The Bank of Japan on Tuesday raised the upper limit on the 10-year yield to 0.5%, offering the impression that it had moved to dismantle its unconventional monetary easing policies.

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