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BOJ October 30 / 31 Financial Coverage Board assembly choice – no extension of the cap to 1.5% however as a substitute formalised the 1% cap.
- Retains short-term rate of interest goal at -0.1%
- Retains 10-year JGB yield goal round 0%
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Widens reference vary to 1.0% level up and down every round its
10-year JGB yield goal vs earlier 0.5% level -
Flexibly enhance JGB shopping for, fixed-rate operations and collateral
fund-supply operations
- Adjustments language round 1.0% 10-year JGB yield cap
- Decides to maintain yield goal however make 1% a reference cap
- Will information market operations nimbly
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Will regard higher certain of 1% for 10-year JGB yield as reference in
its market ops -
Will decide provide charge for fixed-rate JGB shopping for ops every time,
taking account market charges and different elements - Decides to make YCC extra versatile
-
Japan’s inflation outlook overshooting however due largely to extended
rises in import prices
extra to return
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