Central Banks
BOJ Is Said to Prefer Watching Impact of Earlier Tweaks For Now
- Bank officials still see yield curve kink, people familiar say
- Markets hit when BOJ widened yield band at December meeting
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The Bank of Japan is leaning toward monitoring the impact of recent tweaks to its stimulus program rather than making another adjustment at Governor Haruhiko Kuroda’s final policy meeting next week, according to people familiar with the matter.
While BOJ officials continue to see distortion in the shape of Japan’s yield curve, the central bank still needs time to look at the impact of various measures since December that adjust its control of yields, the people said.