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BOJ leaves policy unchanged, as expected (but widens band of YCC)

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

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