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BOJ to debate tweak to yield cap program at policy meeting

From english.kyodonews.net

The Bank of Japan will debate a tweak to its yield cap program at its policy-setting meeting ending Tuesday, sources familiar with the matter said. The discussion comes amid rising long-term Japanese government bond yields, partly due to market expectations that the central bank will raise its ceiling on 10-year yields, currently at 1.0 percent. The benchmark 10-year yield briefly hit 0.955 percent Tuesday morning, its highest level in over a decade. The yen was trading in the 149 zone against the U.S. dollar ahead of the BOJ's decision, moving away from the psychologically important 150 threshold. The BOJ has not ... (full story)

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