BOJ Shifts Policy Framework to Targeting Japan’s Yield CurveBy
Board keeps benchmark interest rate unchanged at minus 0.1%
Monetary base may fluctuate as BOJ seeks yield-curve control
The Bank of Japan shifted the focus of its monetary stimulus Wednesday from expanding the money supply to controlling interest rates, which some economists deemed as further evidence that BOJ policy had reached the limits of its effectiveness.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.