BOJ may raise its yield ceiling again by mid-year says Governor contender Ito

The Bank of Japan left its 0.5% yield cap in place at yesterday's meeting after hiking it in December. A move higher in it would be a tailwind for the yen.

Takatoshi Ito is a professor at Columbia University and a longtime associate of BOJ Governor Haruhiko Kuroda. Ito is in the running to become the new head of the Bank when Kuroda's term, and those of his deputies, expire on April 8.

• BOJ's next step may be to widen band around its 10-year yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term target, could raise yield cap to 0.75% or 1.0% by mid-year
• BOJ likely won't tweak yield curve control at least until April
• BOJ may abandon negative rates this year depending on inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term, wage developments
• If BOJ were to abandon yield curve control, it would need to conduct comprehensive examination of its policy framework

Looks a bit like George Soros.