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Nikkei Points To A Slightly Wider Tolerance Band For 10-Year JGB Yields

BOJ

BBG runs a headline from the Nikkei which suggests the BoJ will widen its permitted 10-Year JGB yield trading band to -/+0.25%, which goes against broader consensus ahead of tomorrow's BoJ decision.

  • The Nikkei also suggests that the Bank will scrap its Y6tn/annum ETF purchase target and move to purchase ETFs only when equity markets are experiencing periods of "turmoil." The adjustment to ETF purchases is inline with broader expectations.
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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