boj speech, 2023-11-29
Thus, there seems to be a change in the balance between the policy effects of the conduct of yield curve control, in which the Bank works to stabilize long-term interest rates so that Japan's economy will make an exit from the prolonged deflationary trap, and the informational value of long-term interest rates that could be gained by leaving the formation of these rates up to the financial markets to some extent.
Sentiment: neutral
Topic: mp_interest_rate