More central banks eye yield curve control. How does Japan’s work?

The Bank of Japan’s yield curve control (YCC) is drawing attention from other central banks, including the US Federal Reserve, as a possible policy tool to help economies recover from the devastation caused by coronavirus pandemic. Fed officials, including New York Federal Reserve Bank President John Williams, have recently said YCC could be a tool […]

from Daily Times https://ift.tt/2XJvxKA