Nikkei reported that the Bank of Japan (BoJ) “will discuss tweaking its yield curve control policy at a policy board meeting Friday to let long-term interest rates rise beyond its cap of 0.5% by a certain degree”. If materialized, it would be a shift from the BoJ to a more flexible monetary policy approach.
The BoJ meets on Friday, and until this report, no change in its monetary policy stance was expected.
