The Bank of Japan is leaning towards keeping its yield control policy unchanged at next week’s meeting, five sources familiar with its thinking said, as policymakers prefer to scrutinise more data to ensure wages and inflation keep rising.
But there is no consensus within the central bank on how soon it should start phasing out stimulus, which could make next week’s decision a close call.
With inflation having exceeded the BOJ’s target for more than a year, markets have been simmering with speculation the central bank could tweak yield curve control (YCC) as early as the July 27-28 meeting.
Read More : Bank of Japan Likely to Maintain Steady Yield Control Next Week, Sources Say