A piece via Bloomberg over the weekend on the Bank of Japan

  • officials are looking for ways to keep their stimulus program sustainable while reducing the harm it causes in markets and on the profitability of commercial banks
  • A series of recent media reports suggest that the gathering could deliver anything from allowing for a more natural rise in long-term interest rates to no change and a mere assurance that policy makers are considering the side effects
  • Bloomberg's reporting indicates that officials are focused on coming up with adjustments to mitigate harm without doing anything resembling a move to policy normalization.
  • At this stage, there's little likelihood of a significant change on July 31 to yield-curve control or asset-purchase settings, said officials involved in discussions

(bolding above is mine …. keep this in mind)

Article is here for more

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Earlier:

All this chatter has sent JGB yields up (Friday and continuing today):