BoJ tweaks YCC to allow 10-yr yield to rise to 0.50%

BoJ surprises the markets today by widening the band of 10-year JGB yield from 0.25% to 0.50% today. At the same time, short term policy rate is kept unchanged at -0.10% as expected. Under the yield curve control framework, the central bank will still continue to purchases JGBs without an upper limit to keep 10-year […]

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