BOJ May Surprise with Policy Change

The Bank of Japan kicks off its two-day monetary policy meeting on October 26. The central bank has been maintaining its ultra-easy stance, widening the policy divergence with its global peers, as they raise rates. This has led to a drastic fall in the yen, raising living costs for Japanese people. Some market participants are speculating that the central bank will need to change policy. NHK World's Yanaka Marie asked Musha Ryoji of Musha Research, and Fukumoto Yuuki of NLI Research Institute, how and when the BOJ might end its unusual policy, known as "yield curve control."