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BOJ to discuss allowing long-term rates to rise above 0.5% cap: Nikkei

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BOJ to discuss allowing long-term rates to rise above 0.5% cap - Nikkei

TOKYO: The Bank of Japan will discuss allowing long-term interest rates to rise above its 0.5 per cent cap by a certain degree on Friday, when it concludes a two-day rate review, the Nikkei newspaper reported.

Under yield curve control , the BOJ guides the 10-year bond yield around 0 per cent and sets an allowance band of 0.5 per cent above and below that target.

 

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