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BOJ to widen band around long-term rate target in policy review – Nikkei

Sumary of BOJ to widen band around long-term rate target in policy review – Nikkei:

  • Article content TOKYO — The Bank of Japan is seen slightly widening an implicit band at which it allows long-term interest rates to move around its 0% target, the Nikkei newspaper reported, sparking a rise in yields on expectations the bank will tolerate higher borrowing costs…
  • By allowing yields to fluctuate more, the BOJ will help ease the strain ultra-low interest rates and a flattening yield curve inflict on financial institutions’ profits, the paper said…
  • The benchmark 10-year JGB yield rose 1.5 basis points to 0.105% on expectations the BOJ will tolerate further rises in yields…..

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