BOJ’s Ueda: Still some distance to hit 2% inflation target
His remarks came in response to a question on whether the central bank saw the need to tweak YCC at its rate review later this month.Under YCC, the BOJ guides short-term interest rates at -0.1% and buys huge amounts of government bonds to cap the 10-year bond yield around 0% as part of efforts to fire up inflation to its 2% target
