Central Banks
BOJ Sees Little Need to Act on Yield Control for Now, Sources Say
- Officials see smooth bond yield curve, people familiar say
- Board will likely discuss YCC change even as holds, they add
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Bank of Japan officials see little urgent need to address the side effects of its yield curve control program at this point, though they expect to discuss the issue, according to people familiar with the matter.
The central bank looks at the costs and benefits of YCC at every meeting and will reach a final decision at its policy meeting next week after scrutinizing economic data and financial markets up to the last minute, according to the people.