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        Weekly Market Update

        BOJ Yield Curve Control - Policy Tweak

        Dane Smith
        Senior Investment Strategist

        Insight of the Week

        • The Bank of Japan (BOJ) in its July meeting decided to make their Yield Curve Control (YCC) policy more flexible.
        • While it maintained its earlier target level yield for 10-year Japanese Government bonds at 0%, it tweaked its stance on the allowance band of +/- 0.5% around the target yield to a “reference” rather than a “rigid limit” and said it will allow the 10-year yield to move above the band as long as it stays below 1.0%.
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