7 0

TOKYO (Reuters) - The Bank of Japan’s yield curve control (YCC) is drawing attention from other central banks, including the U.S. Federal Reserve, as a possible policy tool to help economies recover from the devastation caused by coronavirus pandemic. FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon. Fed officials, including New York Federal Reserve Bank President John Williams, have recently said YCC could be a tool to complement forward guidance. After cutting rates to historic lows, Australia’s central bank set a target of around 0.25% for the three-year bond yield. Full story

29 May