Will there be a radical change in monetary policy in Japan?

The Bank of Japan has replaced its base rate target of -0.1% with a target of between 0 and 0.1% and has ended its yield curve control policy, while maintaining its policy of buying JGBs (government bonds) worth JPY 6 trillion a month. In reality, these changes are absolutely minor. A real change in monetary policy would involve: Raising the base rate in line with core inflation; Completely stopping the purchases of JGB’s. Such a real change is extremely unlikely, so there will be few changes affecting: The yen exchange rate; Japanese long-term interest rates. Japan's change in monetary policy will therefore have very little international impact.