watch nowThe Bank of Japan has pushed back on speculation its recent policy adjustment marked the start of a tightening cycle. On Friday, the BOJ unexpectedly loosened its yield curve control, a move some market watchers said marked the start of the end of the Japanese central bank's ultra-easy monetary policy position. The BOJ's yield curve control is part of its ultra-easy monetary policy, which also includes keeping short-term interest rates at -0.1%. It is aimed at reflating growth in the world's third-largest economy and sustainably achieve its 2% inflation target after years of deflation. There is no free lunch for any policy," Ichida said.

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Persons: Shinichi Ichida, Ichida, Bank of Japan Ichida Organizations: Bank of, Bank of Japan Locations: Bank, Bank of Japan, Chiba prefecture