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BoJ Keeps Policy Rate & YCC Unchanged

BOJ

As expected, the BOJ kept the policy rate unchanged at -0.1%. The 10yr yield target was kept around 0%, with a 0.5% deviation on either side of this. The BoJ maintained an offer to buy 10-yr JGBs up to 1.0% through daily fixed operations. The decision on YCC was by unanimous vote.

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