BOJ is said to mull change or abandonment of JGB maturity range - BBG

Bloomberg quoting people familiar with the discussions, the Bank of Japan (BOJ) is mulling some changes (either a tweak to or abandonment) to its guidance on the maturity range of Japanese government bonds that it buys.

The people said, on conditions of anonymity that any shift would reflect a desire by policy makers to give themselves greater flexibility as they continue with the unprecedented scale of debt purchases, Bloomberg reports.

 Kiichi Murashima, chief Japan economist at Citigroup Inc, noted on Monday, “The policy review is likely to be about fixing an excessive yield curve. Chances are high that they will make targeted average maturity of bond purchases more flexible.”