EX-BOJ DEP GOV WAKATABE: WILL BE SURPRISED IF BOJ CHANGES YCC FRIDAY
The ex-Bank of Japan deputy gov Masazumi Wakatabe said he will be surprised if the BoJ changes Yield Curve Control on Friday.
Bank of Japan officials have been vocally wary of tweaking or scrapping their yield control stimulus at the policy meeting this week that concludes tomorrow so soon after the banking crisis overseas. BOJ officials instead see a need to keep their cap on government bond yields in place for now to support the economy.
The two-day meeting will be the first under Governor Kazuo Ueda who is forecast to keep policy settings unchanged. The bigger news will come in his press conference and the extent to which he hints at an overhaul to come.
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