(Bloomberg) -- The Bank of Japan is set to decide whether it needs to adjust its yield curve control program, with the yen strengthening after a media report...
-- The Bank of Japan is set to decide whether it needs to adjust its yield curve control program, with the yen strengthening after a media report said policy makers will probably discuss whether to allow further temporary rises in yields as they battle a bond selloff and continued weakness in the currency.Governor Kazuo Ueda and his fellow board members conclude a two-day policy meeting Tuesday. A statement on the outcome is usually released around noon.
The yen gained against the dollar after the report, pushing the pair below 149 for the first time in two weeks. Ten-year swap rates also jumped on the report. Other possible YCC changes include raising the rate for daily fixed-rate operations from the current 1% or changing the 0.5% reference point. The price forecast and risk assessment for fiscal 2025 will also be under scrutiny. While it’s expected to be largely unchanged from 1.6%, even a slight upward tick would be taken as a positive sign toward normalization after it was kept unchanged in July.
In the restaurant industry, stability is critical.So when David Ferguson noticed an unexpected $200 charge on his credit card bill from the tech company he uses to help manage his business, he figured it was an accounting mistake.Ferguson is the chef and owner at Gus, a small restaurant in Montreal's Petite-Patrie neighbourhood.He started using Lightspeed, a publicly traded Canadian point-of-sale supplier, about four years ago.
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