BoJ mulls ending yield control to focus on bond buying

Tokyo: The Bank of Japan (BoJ) is considering scrapping its yield curve control programme and instead indicating in advance the amount of government bonds it plans to purchase, Jiji Press reports without saying where it got the information.

The central bank will stop its programme to guide benchmark 10-year government bond yields to around 0%, as part of its efforts to normalise monetary policy, 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.