Japan will end yield curve control if stable 2% inflation reached, BOJ’s Ueda says

TOKYO — Bank of Japan Gov. Kazuo Ueda said Tuesday the central bank would start unwinding its monetary easing once the nation sees sustainable and stable 2% inflation.

“If the bank reaches a view that 2% inflation can be achieved in a sustainable and stable manner, the bank will end [its yield curve control policy] and start shrinking its balance sheet,” Ueda said to a parliamentary committee.

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