BOJ board disagreed on new tolerance for yield moves at last meeting
Updated : August 08, 2018 11:04 AM IST
At the July 30-31 policy meeting, the BOJ kept its pledge to guide long-term interest rates around zero percent, but said it would allow yields to move more flexibly.
BOJ Governor Haruhiko Kuroda told a post-meeting briefing that the bank would allow long-term yields to move at double the previous range of around minus 0.1 percent to 0.1 percent.
Japanese bond yields hit a 1-1/2 year high last week, as investors tested the limits of the BOJ's new commitment to allow debt markets to move more freely.
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