BoJ Sparks Market Chaos With Huge ‘Yield Curve Control’ Adjustment

• BoJ Sparks Market Chaos With Huge ‘Yield Curve Control’ Adjustment
  by Tyler Durden, https://www.zerohedge.com/
  The Bank of Japan shocked markets tonight.
  After leaving policy rates unchanged, the ‘easiest’ bank in the world decided to dramatically modify its so-called Yield Curve Control framework and increase the quantity of government bonds it will buy each month (while the rest of the world is doing the opposite).
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  The increase in range is huge (from -0.5% to +0.5% in yields). Thus, realistically this is a tightening policy move allowing long-rates to rise from 25bps (the prior YCC limit) to 50bps (the current YCC limit)…
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  read more.

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