interest rates as its next policy move if the 10-year bond yield threatens to breach that level, Columbia University academic Takatoshi Ito told Reuters in an interview.
Under its yield curve control (YCC) policy, the BOJ guides short-term interest rates at -0.1% and the 10-year bond yield around 0%. It also has an allowance band of 50 basis point set either side of the yield target, as well as a hard cap of 1.0% adopted in July.
Rising U.S.