BOJ May Review Yield-Curve Control Policy as Rates Rise: Nikkei

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BOJ May Review Yield-Curve Control Policy as Rates Rise: Nikkei
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(Bloomberg) -- Bank of Japan officials are pondering the question of whether to tweak the settings of the yield-curve control program as domestic long-term...

-- Bank of Japan officials are pondering the question of whether to tweak the settings of the yield-curve control program as domestic long-term interest rates float higher in tandem with those in the US, the Nikkei newspaper reported on Sunday, without saying where it obtained the information.The topic will probably be discussed at the next two-day board meeting that ends Oct. 31, with some officials cautious about the idea as they continue to monitor wage trends, the Nikkei said.

Governor Kazuo Ueda is closely watching wage hike trends. The nation’s largest labor union federation, Rengo, began the annual negotiation process by calling for companies to raise pay by at least 5% in principle next year, potentially providing the key element needed for the central bank to move toward policy normalization.

Meiji Yasuda Life insurance is looking at a 7% increase in compensation and Bic Camera plans to raise base wages by the most since 2004, NHK reported last week, without attribution. ‘The buildings don’t go away … but the owners do’: Warren Buffett and Charlie Munger warn that a storm is brewing in the US real estate market — here’s where they'll seek refuge

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