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Former BOJ Director Hayakawa expects the Bank to tweak YCC at the July meeting

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Hideo Hayakawa is a Senior Fellow at Tokyo Foundation for Policy Research and a former Bank of Japan Executive Director

  • He says he is expecting another tweak to yield curve control at the b-jj meeting on July 27 and 28
  • thinks widening the band around zero for the 10 year Japanese Government Bond to 1% (from currently 0.5%) is the policy ‘tweak’ being considered

Earlier:

Japanese media report the BOJ is likely to raise its FY2023 inflation forecast above 2%

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