TOKYO -The Bank of Japan is warming to the idea of tweaking its controversial bond yield control policy later this year, but will likely keep settings unchanged at next week's meeting as it awaits more evidence of sustained wage growth, sources say. Kazuo Ueda chairs his first policy meeting since becoming BOJ governor on April 27-28 and his appointment has heightened expectations the bank will begin unwinding its ultra-loose settings – the only question is when. With global recession fears clouding the outlook, there is no consensus within the BOJ on how soon it can end yield curve control (YCC) – a policy that sets a short-term interest rate target of -0.

https://business.inquirer.net/396946/boj-open-to-tweaking-ycc-this-year-if-wage-momentum-holds-sources

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