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BOJ Gov Ueda says targeting 5 year JGBs (from current 10yrs) is among options if needed

BOJ Gov Ueda says targeting 5 year JGBs (from current 10yrs) is among options if needed
Bank of Japan Governor Kazuo Ueda said changing the Bank's policy target to the five-year bond yield, from the current 10-year zone, would be among options if it were to modify its yield curve control (YCC) policy in the future. falling raw material costs likely to slow inflation in coming monthsBOJ must avoid tightening monetary policy prematurely to ensure Japan sustainably achieves its 2% targetthe BOJ could make tweaks to YCC "if the balance between the benefit and cost of the policy shifts... Read More
Posted: May 26 2023, 01:42
Author Name: forexlive
Views: 081463

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