BOJ loosens grip on long-term yields in Kazuo Ueda’s first surprise

The BOJ kept the target for 10-year government bond yields at around 0% but said its 0.5% ceiling on yield movements was a reference point not a rigid limit. The bank left its short-term negative interest rate unchanged at -0.1%.

Bloomberg

July 28, 2023 / 10:18 IST

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BOJ loosens grip on long-term yields in Kazuo Ueda’s first surprise

Bloomberg

first published: Jul 28, 2023 10:18 am

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BOJ loosens grip on long-term yields in Kazuo Ueda’s first surprise

The BOJ kept the target for 10-year government bond yields at around 0% but said its 0.5% ceiling on yield movements was a reference point not a rigid limit. The bank left its short-term negative interest rate unchanged at -0.1%.

BOJ loosens grip on long-term yields in Kazuo Ueda’s first surprise

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