BOJ Makes Surprise Adjustment to Yield Curve Control

The video discusses a significant shift in the Bank of Japan's (BOJ) monetary policy, moving from a 0.5% cap to a 1% cap on interest rates. This change is seen as a step towards normalization, despite official denials. The BOJ's intervention threshold has shifted, indicating a move closer to exiting yield curve control. The ultimate goal is to remove these controls entirely, signaling a new era in Japanese monetary policy.

What is the significance of the BOJ moving the upper cap?

How does the speaker perceive the BOJ's actions in relation to normalization?

What are the implications of the BOJ's 1% cap on monetary policy?

What does the speaker mean by 'getting closer to the exit'?

What is the ultimate goal mentioned by the speaker regarding control?