Speculation is mounting that the Bank of Japan is finally moving to end its yield curve control (YCC) regime following December’s surprise policy tweak. How likely is the Bank to take this step, what would it mean for its monetary policy, and what impact would this have on domestic and global financial markets?
Economists from our Japan and Markets team held a briefing shortly after the Bank’s January meeting announcement about the future of monetary policy-making in Japan and its domestic and global consequences. During this 20-minute briefing, the team answered client questions as they addressed key issues, including:
- The factors that could mean an imminent end to YCC;
- What the BoJ’s policy regime could look like in a post-YCC world;
- What an end to YCC could mean for the yen, for JGBs, and for global markets.
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