Japan: Losing control of yield curve control

Macro Bytes

English - March 01, 2023 14:00 - 28 minutes - 19.8 MB
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Paul Diggle talks to Sree Kochugovindan, senior economist at abrdn, about the Bank of Japan’s “yield curve control” framework.

The Bank of Japan (BoJ) has been anchoring government bond yields at very low levels. But the policy is coming under increasing pressure from financial markets. Will the new Governor of the BoJ upend this key tenet of the global monetary policy landscape?