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MNI BRIEF: BOJ's Wider YCC Band Weakens Easy Policy- Wakatabe

(MNI) Tokyo
(MNI) TOKYO

Bank of Japan Deputy Governor Masazumi Wakatabe said on Thursday that December’s decision to widen the range around its 10-year yield target had weakened the impact of easy policy, and the BOJ must cautiously consider further widening the band again.

Wakatabe, however, told reporters that the impact of easy policy was maintained, judging from real interest rates.

When asked about policy tweaks, Wakatabe said the BOJ must pay attention to the risk that policy tweaks would reduce the impact of easy policy.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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