TOKYO : Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said on Wednesday a tweak to the central bank's bond yield control policy will 'undoubtedly' become an option if economic and price conditions justify phasing out stimulus.In his first public appearance since assuming the post earlier this month,
TOKYO : Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday a tweak to the central bank's bond yield control policy will"undoubtedly" become an option if economic and price conditions justify phasing out stimulus.
"If various conditions fall in place, some sort of change to yield curve control may become necessary. If conditions turn positive, will undoubtedly become a possibility," Uchida told parliament. Uchida said trend inflation was"extremely important" in judging whether Japan will sustainably meet the BOJ's 2 per cent price target.
Under yield curve control , the BOJ guides short-term rates at -0.1 per cent and the 10-year bond yield around 0 per cent as part of efforts to reflate growth and sustainably hit its 2 per cent inflation target.
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