BOJ's Kuroda Says Yield Curve Control Working Quite Well

The video discusses the concept of yield curve control introduced by a central bank, highlighting its effectiveness despite fluctuations in global interest rates. It explains the transition from quantitative easing to targeting interest rates directly, emphasizing the uniqueness of this approach. The video concludes by stating that this method is a logical extension of quantitative easing, adapting to new economic situations.

What is the significance of the commitment made by the central bank as mentioned in the text?

In what way is the yield curve control considered a logical extension of quantitative easing?