BOJ to Consider Yield Curve, Guidance Tweaks This Month, Ex-Official Says
- May debate deleting pledge to ease further if necessary
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Bank of Japan board members will likely discuss whether to tweak forward guidance along with the yield curve control mechanism when they gather later this month, according to a former executive director in charge of monetary policy.
“Japan’s long-term yields have already risen to 0.8%,” Kazuo Momma, currently an executive economist at Mizuho Research & Technologies, said in an interview Thursday. “Even if it’s not stuck at the ceiling of 1%, it will be a topic of discussion whether the current ceiling would be reasonable if there’s more upward pressure going forward.”