Bank of Japan defies expectations of yield curve change

Bank of Japan
Bank of Japan

The Bank of Japan kept its yield curve control (YCC) policy unchanged today (January 18), defying market expectations of further steps to phase out its massive stimulus programme amid rising inflation.

In a unanimous decision after its two-day policy meeting, the BoJ board decided to maintain its target for short-term interest rates at -0.1%, while keeping its target for 10-year government bond yields at around 0% through bond-buying.

The central bank also maintained its commitment to allow

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account