Kuroda Endgame Seen as Swaps Climb Most Since ’10

Kuroda Endgame Seen as Swaps Climb Most Since ’10

Tomohiro Ohsumi/Bloomberg

The Bank of Japan pledged to reach the price goal in two years and switched its operation target to the monetary base -- cash in circulation and the money that financial institutions have on deposit at the central bank -- from the rate that banks charge each other for overnight loans.