Full text:Statement on Monetary PolicyAlso, this added to it:(Reference) Further Increasing the Flexibility in the Conduct of Yield Curve Control (YCC)As I said earlier:The last time the Bank of Japan allowed an expanded range for the 10 year JGB yield tolerance band the Bank explained this was to make ultra-easy policy more sustainable. Today the BOJ set the 1% cap more firmly in place, cementing that reasoning, it looks like loose policy is set in place for still some time to come. This article was written by Eamonn Sheridan at www.forexlive.com.
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