The BoJ stands alone, for now

The BoJ left policy unchanged today but we suspect that it will ultimately modify its Yield Curve Control (YCC) framework before long. We think this could, at the margin, add to the upward pressure on government bond yields elsewhere. And we doubt the tweak would afford the Japanese yen much relief. Markets Drop-In (22nd June, 10:00 ET/15:00 BST): Join our Markets team for this special briefing on the outlook for equities, bonds and FX and a discussion about revisions to our forecasts. Register now

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