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In a surprise move, Bank of Japan loosens bond yield cap

Por: ABC News World December 20, 2022

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The Bank of broadened caps for government bond yields, a surprise move that pushed bond yields higher globally and dinged stocks in Asia. The central bank on Tuesday said that it would allow the yield curve on the Japanese Government Bond to range 50 basis points either side of its 0% target, up from the previous cap of 25 basis points. The Bank of Japan did not mention inflation in its policy statement, but said the shift is intended to... + full article



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