Japan Yield Breaks BOJ Ceiling as Policy Speculation Mounts
- BOJ will discuss tweaking yield-curve control, Nikkei says
- Economists see central bank standing pat on Friday: survey
Outside the Bank of Japan (BOJ) headquarters in Tokyo.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Japan’s benchmark government bond yield pierced the central bank’s ceiling amid speculation that policymakers are discussing loosening their tight grip on interest rates.
The 10-year yield climbed to 0.505% on Friday, beyond the Bank of Japan’s cap of 0.5%, as pressure builds on the BOJ to adjust policy. While a majority of economists had projected the central bank would stand pat this week, the Nikkei reported that officials would discuss letting yields rise above its current limit by a “certain degree.”