Here's What Market Watchers Are Saying About BOJ Policy Tweaks
- BOJ will tolerate wider deviations on 10-year bond yields
- Policy to be kept loose for extended period to stoke inflation
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It was the longest wait in two years.
The Bank of Japan hadn’t taken so long to announce a policy decision since the introduction of yield-curve control in September 2016. Finally, at 1:03 p.m. in Tokyo Tuesday, the central bank left its key interest rates unchanged and pledged to keep them at extremely low levels for an “extended period.”