BOJ fine-tunes policy to make monetary easing more flexible

The Bank of Japan on Friday tweaked its policy framework to continue with monetary easing in more sustainable and effective ways as economic recovery from the pandemic is still nascent and its inflation target is far off.After a review at a two-day policy meeting, the BOJ dropped its annual target of buying 6 trillion yen ($55 billion) in exchange-traded funds and said it will step up purchases only in times of market turmoil with its ceiling kept at around 12 trillion yen.The BOJ maintained its "yield curve control" keeping short-term interest rates at minus 0.1 percent and guiding 10-year…READ FULL ARTICLE