Japan calls time on G10 ‘central bank put’

In scrapping its hard 10-year bond yield ceiling of 1%, the Bank of Japan has taken a huge step towards dismantling a widespread assumption at the heart of G10 monetary policy for decades - the idea ... ( read original story ...)

Japan’s rates tweak is careful and crafty: podcast

The central bank changed its policy to allow higher 10-year bond yields. Unlike the US, it can afford to raise borrowing costs slowly as inflation is low. In this Viewsroom podcast, Breakingviews columnists explain why monetary tightening as others loosen may give Tokyo an edge. ( read original story ...)