Momma said any change to the YCC has to come without prior warning, a stance that was also indicated last week by Shinichi Uchida, the BoJ’s key policy architect. — Bloomberg
TOKYO: A recent drop in global bond yields has created favourable conditions for the Bank of Japan (BoJ) to scrap its yield curve control (YCC) programme this month, according to a former BoJ executive director in charge of monetary policy.
“There’s a possibility in April if you consider the current circumstances objectively,” former director Kazuo Momma said in an interview on Tuesday.
