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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.
JapaneseĀ bondĀ 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.
BOJ board disagreed on new tolerance for yield moves at last meeting
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