The Japanese economy ‘would not mind higher interest rates': Strategist

Bank of Japan Urged to Abolish Yield Curve Control Policy #

According to a financial expert, the Bank of Japan needs to abolish its yield curve control policy due to the negative impact it has had on bank lending to small and medium-sized companies. The expert argues that the zero-interest rate environment has depressed lending, resulting in decreased access to credit for these businesses. Abolishing the policy is seen as a potential solution to boosting lending and supporting the growth of small and medium-sized enterprises.