WEEKLY WRAP-UP (s2023 e4)

for the week ending Friday, July 28th, 2023

Another week where I have to start with Japan. On Friday, the Bank of Japan “tweaked” their yield curve control (YCC) policy. In the chat, I mentioned how the BoJ would likely take “baby steps” towards abandoning their YCC policy, but it’s difficult to imagine a more timid move than what they actually did.

In their statement, the Bank of Japan started wi…