The Bank of Japan's Yield Curve Control

The Bank of Japan has tweaked its yield curve control, but then intervened to try to manage the move. It's an unviable policy as it spends a huge amount of money supporting the bond yield or the bond price. I think they are going to give up very gradually and my guess is if I were able to put a time on it, end of this year by the time at which the 10 year yield goes to 1%. But that ought to be of concern to US and European investors because US and European Investors are big purchases of JGBs.