BOJ keeps Record-Low Rates Unchanged, Maintains Yield Curve Control
The Bank of Japan (BOJ) kept its benchmark interest rates unchanged as expected on Wednesday, and also maintained its current rate of yield curve control, ducking market expectations for more hawkish signals. The Japanese yen plummeted after the move, dropping over 2% to 130.75 against the dollar, while yields on benchmark Japanese government bonds slumped over 3% to below the 0.5% level. The central bank maintained its short-term policy interest rate at negative 0.1%, and kept its long-term interest rate at 0%. The decision marks the seventh year that the…
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