The Bank of Japan's last policy meeting of 2022 was a big one, with a surprise announcement of changes to its yield curve control policy. In this special episode, Marcel Thieliant, who leads our Japan coverage, speaks to David Wilder about out what the Bank has done, whether it is sustainable and what it means for the Japanese policy outlook.
The Bank of Japan has surprised markets with announced changes to its yield curve control policy. Has it done enough to keep the bond market in check and do these changes point to a more fundamental shift in its monetary stance? Marcel Thieliant, who leads our Japan coverage, explains what's happened and what follows.