TOKYO : The Bank of Japan (BOJ) is set to maintain ultra-low interest rates on Friday and hold off on making major changes to its controversial bond yield control policy, leaving options open ahead of a leadership transition in April.The meeting will be the last one to be chaired by Governor Haruhiko Kuro
TOKYO : The Bank of Japan is set to maintain ultra-low interest rates on Friday and hold off on making major changes to its controversial bond yield control policy, leaving options open ahead of a leadership transition in April.
U.S. Federal Reserve Chair Jerome Powell's comments on Tuesday signaling the need for bigger-than-expected rate hikes also point to the likelihood Japanese yields will remain under upward pressure. "After conducting an examination of its policy framework, the BOJ will either abandon the 10-year yield target or shift to one targeting a shorter duration," she said.
But many analysts polled by Reuters expect any tweak in YCC to happen after Ueda takes over as new governor.
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