boj speech, 2023-10-12
Furthermore, the Bank decided in July 2023 to continue to allow 10-year JGB yields to fluctuate in the range of around plus and minus 0.5 percentage points from the target level, and at the same time to regard the upper and lower bounds of the range as non-rigid limits; it also raised the upper bound of the yields to be strictly capped through the fixed-rate purchase operations from 0.5 percent to 1.0 percent.
Sentiment: neutral
Topic: mp_interest_rate