What direction will the Bank of Japan¡¯s monetary policy take under new Gov. Kazuo Ueda?
With the nation¡¯s central bank having implemented monetary easing for 10 years under Haruhiko Kuroda, all eyes will be watching the institution¡¯s next steps under its new incoming chief.
Will the BOJ continue to maintain the status quo? Will it strengthen the flexibility of its monetary-policy framework ¡ª such as increasing the target range of the 10-year government bond yield or shortening the yield target for 5-year bonds ¡ª which could ultimately lead to greater normalization, including a removal of the yield curve control?
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