BoJ deputy governor warns against more yield curve tweaks

Bank of Japan
The Bank of Japan

The Bank of Japan deputy governor Masazumi Wakatabe warned against further changes to its yield curve control policy ahead of its policy meeting next month.

His comments came after the BoJ’s surprise decision in December to widen the band around its 0% yield target for 10-year government bonds. The move prompted speculation that the central bank was exiting its ultra-loose monetary policy, as Japan’s inflation rose to its highest levels in around four decades.

But at its last policy meeting on

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