BoJ adjusts easing measures amid market distortion fears
Central bank announces lending incentives and more flexibility in yield curve control and ETF buys
The Bank of Japan adjusted its monetary easing measures today (March 19), as its monetary policy review highlighted the risk of worsening financial distortions.
The BoJ published an in-depth review of its policy stance for the first time since 2016. It has added greater scope for flexibility to its policy of yield curve control and purchases of exchange-traded funds (ETFs). It also created a new facility designed to incentivise bank lending while insulating banks’ profits from some of the
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