The Bank of Japan's policy shift through 3 key lenses
On Tuesday, the Bank of Japan (BoJ) announced a change to its yield curve control (YCC) policy, allowing the Japanese 10-year government bond to trade up to 50bps above or below its 0% target, versus 25 bps previously.
This article analyses the BoJ’s decision through three key lenses: the yield curve; the yen; and inflation.
The yield curve
In announcing …