# Japan reinforces yield curve control - Central Banking

> The Bank of Japan's policy committee voted 8-1 to strengthen yield curve control, committing to daily purchases of government bonds to keep 10-year yields at 0.25%. The commitment weighed on the yen.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/42071-japan-reinforces-yield-curve-control-central-banking
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The move cements the yen's weakness and a wide gap with Fed policy, supporting a stronger dollar that weighs on dollar-priced commodities and raises costs for Japanese importers.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-21 | [Stocks fall, yields rise as central banks rattle markets](https://feedsoft.ai/events/34308-stocks-fall-yields-rise-as-central-banks-rattle-markets.md) | +1.7% | +2.3% |
| DXY | 2019-09-12 | [European Central Bank launches new bond-buying program](https://feedsoft.ai/events/57280-european-central-bank-launches-new-bond-buying-program.md) | -0.3% | +0.3% |
| DXY | 2018-05-24 | [Most FOMC participants say they may raise rates ‘soon’, minutes show - Central Banking](https://feedsoft.ai/events/64945-most-fomc-participants-say-they-may-raise-rates-soon-minutes-show-central.md) | +0.3% | +1.7% |
| DXY | 2018-07-26 | [European Central Bank says rates will remain low for months \| AP News](https://feedsoft.ai/events/64242-european-central-bank-says-rates-will-remain-low-for-months-ap-news.md) | -0.0% | +0.7% |
| DXY | 2020-04-03 | [Is there a dollar funding squeeze in China? - Central Banking](https://feedsoft.ai/events/53879-is-there-a-dollar-funding-squeeze-in-china-central-banking.md) | -0.9% | -1.0% |

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/7946986/japan-reinforces-yield-curve-control-policy

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.