BOJ Said to Be Wary Tweaking YCC Soon After Banking Crisis
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Bank of Japan officials are wary of tweaking or scrapping their yield control stimulus at a policy meeting next week so soon after the banking crisis overseas clouded the outlook, according to people familiar with the matter.
BOJ officials instead see a need to keep their cap on government bond yields in place for now to support the economy while they wait for more progress toward achieving their stable inflation target, the people said. The two-day meeting, the first under Governor Kazuo Ueda, finishes on April 28.