Japan Banks Jump as BOJ Keeps Rate Unchanged, Targets Yields

Updated on
  • Steeper yield curve would ease pressure on interest income
  • Banks ‘avoided a big negative surprise,’ Haitong analyst says

BOJ to Introduce QQE With Yield Curve Control

Japanese bank shares jumped after the central bank decided to target the bond yield curve and refrain from deepening negative interest rates, easing concerns that monetary policy will continue to erode their profits.

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