BOJ Decides to Adopt More Flexible Monetary Policy

July 31, 2018

Tokyo- The Bank of Japan decided Tuesday to more flexibly guide 10-year Japanese government bond yields in a step to tweak its ultraeasy monetary policy.

The BOJ Policy Board decided by a seven-to-two vote to purchase JGBs to guide 10-year JGB yields to around zero pct "in a flexible manner."

The move is apparently intended to reduce side effects of the central bank's massive monetary easing policy.

"The yields may move upward and downward to some extent mainly depending on developments in economic activity and prices," the board said in a statement released after its two-day meeting that ended Tuesday. Jiji Press