February 02, 2023 05:23 GMT
MNI BRIEF: BOJ's Wider YCC Band Weakens Easy Policy- Wakatabe
Bank of Japan Deputy Governor Masazumi Wakatabe said on Thursday that December’s decision to widen the range around its 10-year yield target had weakened the impact of easy policy, and the BOJ must cautiously consider further widening the band again.
Wakatabe, however, told reporters that the impact of easy policy was maintained, judging from real interest rates.
When asked about policy tweaks, Wakatabe said the BOJ must pay attention to the risk that policy tweaks would reduce the impact of easy policy.
Keep reading...Show less