Economics
BOJ Carves Out More Flexibility for Longer Inflation Fight
- Scraps 6 trillion yen ETF buying target, will focus on TOPIX
- ‘Clarifies’ 25 bp yield band; to offer incentives if cuts rate
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The Bank of Japan unveiled a set of carefully crafted policy tweaks aimed at giving itself more flexibility to keep up its long quest to revive inflation.
The bank set out a wider-than-previously-thought movement range for bond yields and scrapped a buying target for stock funds at the end of a three-month policy review.