Uchida says more policy tweaks in store

Uchida’s remarks are likely to keep market players on high alert over surprise adjustments from the BoJ. — Reuters

TOKYO: The Bank of Japan’s (BoJ) new deputy governor Shinichi Uchida says that if the bank adjusts its yield curve control programme, it may come as a surprise, amid lingering market speculation over change as new leadership takes over the BoJ.

The bank shouldn’t communicate its policy decisions in advance, including any changes surrounding its yield curve control programme, as they’re decided at a policy board meeting, Uchida said in response to questions in parliament yesterday.