Central Banks
BOJ Is Said to See Little Need to Tweak Yield Control Now
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Bank of Japan officials see little need to adjust its yield curve control program at a policy meeting next week given improvement in the functioning of the bond market and the smooth shape of the yield curve, according to people familiar with the matter.
The officials also recognize that inflation is running stronger than they expected, a factor that raises the chance of the BOJ upgrading its inflation forecast in a quarterly economic outlook report in July, according to the people.