BOJ Summary Shows Board Worried About Being Misread at Review

The Bank of Japan dropped another hint it will be forceful in preventing bond yields from rising, underlining the message that recent policy tweaks shouldn’t be read as any retreat from easing.

The bank should respond “strictly” to movements in 10-year bond yields given an upper limit of around 0.25%, a board member is cited as saying in a summary of opinions released by the BOJ on Monday. The summary outlines the discussions at this month’s policy review.