Further comments by Kuroda

  • Japan's real interest rats have been low and stable
  • Nominal long-term rate has been stable around 0%
  • It is vital to keep entire yield curve low and stable

The headline remark says it all. The upcoming review on Friday may see some tweaking on ETF language and what not but the importance of yield curve control (YCC) is likely to be reemphasised, even if the BOJ may allow for a more flexible range.