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BOJ leaves policy unchanged, as expected (but widens band of YCC)
The outcome of the Bank of Japan December 2022 monetary policy meeting.
Main policy unchanged, as widely expected:
- to maintain a -0.1% target for short-term rates
- and a 0% cap for the 10-year bond yield (around 0%)
more to come (see separate post)
The bombshell is the Bank of Japan adds that they will review operation of yield curve control
- that they will expand the band around its 10 year yield target to 0.5% above and below (from 0.25)... Read More
Posted: Dec 20 2022, 03:01
Author Name: forexlive
Views: 110162