The Bank of Japan’s new governor Kazuo Ueda said the central bank’s yield curve control (YCC) policy is unlikely to come to an end soon, as inflation in the country begins to cool off.
In a comment to the Japanese parliament today (24 April), Ueda said consumer inflation in the country was "likely nearing its peak", adding he is "seeing it slowing ahead". Japanese inflation currently sits at 3.2%, but trend inflation is still below 2%, according to the BoJ's forecasts, meaning the country's loose monetary policy is unlikely to be lifted with current forecasts. Deep Dive: Investors must learn to look beyond governance to assess Japanese ESG Ueda said that for the BoJ to consider tweaking yield curve control, the central bank's inflation forecast would have to ...
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