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New Report Release: Press Conference by Governor Kuroda-All about the YCC

Dec 21. 2017

MPM of the BOJ decided to keep the current monetary easing unchanged. And at the press conference today, large part of the discussion was regarding the possibility of modifying the target rates under the yield curve control (YCC). It was not a surprise to domestic observers, because, since the last MPM in October, both Governor Kuroda and Deputy Governor Nakaso raised the issue of side-effects by maintaining extremely low interest rate environment.

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Author's Profile

Tetsuya Inoue

Chief Researcher,
Financial Market & Innovation Research Department