The Bank of Japan on Tuesday effectively removed its yield cap in response to an unexpected surge in U.S. Treasury yields and entrenched cost-push inflation, sending its strongest signal yet that it is preparing to unwind monetary stimulus to come more into line with its global peers.BOJ Governor Kazuo Ueda said the latest policy tweak is unlikely to cause 10-year government bond yields to rise sharply above the previously-set ceiling of 1.0 percent, and it is intended to pre-empt forex volatility and other risks that may materialize.The Japanese central bank decided to allow 10-year Japane…READ FULL ARTICLE
