BoJ unlikely to change policy further this year, analysts say
Central bank needs time to review situation after surprise yield curve move
The Bank of Japan is unlikely to further change its ultra-loose monetary policy this year, after adjusting its yield curve control (YCC) policy on July 28, analysts say.
In a surprise move, the BoJ’s policy board decided last Friday to keep short-term rates at -0.1% while conducting YCC with “greater flexibility”.
While the BoJ will continue to allow yields on 10-year Japanese government bonds (JGBs) to fluctuate between 50 basis points below or above 0%, it will only treat the ceilings as a
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