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MNI BRIEF: BOJ Dec Meeting Halted, Ministers Informed -Minutes

(MNI) Tokyo
(MNI) Tokyo

Government representatives requested the chairman adjourn the Bank of Japan’s December 19-20 meeting when it decided to expand the range around its 10-year yield target, the minutes released on Monday showed.

“The chairman approved the request. The meeting adjourned at 10:51 am JST (0151 GMT) and reconvened at 11:28 am JST (0228 GMT),” the minutes said. The BOJ shocked financial markets after the meeting concluded by widening its 10-year yield band to 50bp from 25 bp. (See MNI BOJ WATCH: Kuroda Dismisses Market Speculation On YCC Hike)

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Government representatives requested the chairman adjourn the Bank of Japan’s December 19-20 meeting when it decided to expand the range around its 10-year yield target, the minutes released on Monday showed.

“The chairman approved the request. The meeting adjourned at 10:51 am JST (0151 GMT) and reconvened at 11:28 am JST (0228 GMT),” the minutes said. The BOJ shocked financial markets after the meeting concluded by widening its 10-year yield band to 50bp from 25 bp. (See MNI BOJ WATCH: Kuroda Dismisses Market Speculation On YCC Hike)

Keep reading...Show less