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.
Many analysts thus see the days of yield curve control numbered, though recent BOJ policymakers' speeches underscore their preference to hold off on big policy changes at least until Kuroda's successor, Kazuo Ueda, takes the helm in April.
"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. Some market players bet the BOJ could widen the band set around the 10-year yield target, allowing the yield to rise up to 0.75%, from the current 0.5%, as early as Friday.by Reuters expect any tweak in YCC to happen after Ueda takes over as new governor.
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