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The Bank of Japan should allow market.........>

JAPAN
JAPAN: The Bank of Japan should allow market interest rates to fluctuate more
widely without changing its target for the 10-year bond yield, currently "around
zero percent," in order to smoothly normalize prolonged large-scale monetary
easing, a former senior BOJ official said. "I have no idea when the BOJ will
begin normalizing the easy policy but if the BOJ tries to raise the 10-year
yield target from around zero percent, it will be criticized by the government,"
Takashi Kozu, president of the Ricoh Institute of Sustainability and Business,
told MNI in an interview on Tuesday.
- See Mainwire At 05:46 BST 05/23, contact sales@marketnews.com for 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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