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MNI INSIGHT: BOJ Can Manage Econ Soft Spot......>

BOJ
BOJ: MNI INSIGHT: BOJ Can Manage Econ Soft Spot Via Lower 10Yr Rate
- The Bank of Japan will lower 10-year yields rather than short-term rates to
cope with any temporary soft spots in the economy under the new policy framework
presented at the July 30/31 meeting, MNI understands. The BOJ can now, if
needed, look to push the 10-year JGB yield to -0.2%, or a shade lower, via the
purchase of JGBs and up to Y6 trillion in ETFs.
- For full story see MNI Main Wire at 06:05 BST 09/14, or contact us for full
access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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