Weekend report – Bank of Japan is considering scrapping its yield curve control program

Bloomberg conveyed the report, originally in Japan’s JiJi media outlet:

• The Bank of Japan is considering scrapping its yield curve control program and instead indicating in advance the amount of government bonds it plans to purchase, Jiji Press reported, without saying where it got the information.
• It will stop its program to guide benchmark 10-year government bond yields to around 0%, as part of its efforts to normalize monetary policy, according to Jiji.
• new framework would target the volume of purchases, rather than the yield, according to Jiji.
• The bank will decide on that and ending negative interest rates as soon as the next policy meeting concluding on March 19, the report said.

Bloomberg is gated but here is the link if you can access it.

h/t and thanks fo JC in the comments here

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BOJ mee on March 18 an 19.

This article was written by Eamonn Sheridan at www.forexlive.com.