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BOJ appoints 'Mr. YCC' to oversee monetary policy
The Bank of Japan on Monday appointed Seiichi Shimizu, whose market and technical expertise on the bank's yield curve control (YCC) policy earned him the name "Mr. YCC", as an executive director in charge of monetary policy. The appointment of Shimizu comes at a time the central bank seeks a smooth exit from the bond yield control policy, which is drawing criticism for distorting bond market pricing and crushing commercial banks' margin.Shimizu, who is already among the BOJ's six executive directors, takes over the task of overseeing monetary policy from Shinichi Uchida, who became deputy governor on Monday. ... (full story)
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- Posted: Mar 20, 2023 5:33am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 633
