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A look at how the BOJ has adjusted its yield curve control program
On the surface of it, there is no change to how the yield curve control program is functioning. The target band also remains at +/- 0.50% from zero, so essentially it is supposed to work in the same way as before. However, the Japanese central bank now says that they are affording greater flexibility in conducting its yield curve control. What does that mean?Well, at least they were kind enough to explain it in simpler terms with the above illustration.And also take note, how in the depiction th...
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Posted: Jul 28 2023, 04:06
Author Name: forexlive
Views: 080864
