Bank of Japan news: The Bank of Japan said on Tuesday it will widen the band at which it will allow the 10-year government yield to move around its 0% yield target, as part of fine-tuning measures to address the cost of prolonged monetary easing.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The BOJ also decided to sharply increase the amount of government bond buying, it said in a policy statement. As widely expected, the BOJ kept unchanged its -0.1% target for short-term interest rates, and 0% for the 10-year government bond yield by a unanimous vote.

It also maintained its policy guidance that pledges to ramp up stimulus as needed, and projecting that short- and long-term interest rates will move at "current or lower levels."

Also read-Sovereign Gold Bond Scheme 2022: 10 benefits of buying RBI gold bond | SGB December 2022, Interest Rate, Issue Price

Click Here For Latest Updates On Stock Market | Zee Business Live