Bank of Japan Shifts Policy to Allow More Flexibility on Bond Yields Amid Rising Inflation
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The Bank of Japan said it would be more flexible in managing bond yields, citing rising inflation.
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Decisions by the central bank can impact global markets, especially U.S. Treasuries.
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The yen is at a near-record low vs the dollar, threatening prolonged inflation in Japan.
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The BoJ is trying to nudge bond yields higher without forcing higher borrowing costs.
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The move comes at a pivotal moment amid geopolitical instability and rising U.S. yields.