Economics
BOJ Still Ready to Defend Yield Range Before Review
- People familiar say bank could even act before yield hits 0.2%
- Comments come amid speculation range will be widened at review
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Bank of Japan officials are still prepared to stem any risk of Japan’s benchmark bond yield rising too much ahead of a policy review later this month and could even act before it hits 0.2%, according to people familiar with the matter.
The central bank has no pre-set yield level in mind for entering the market as it depends on the speed of gains, the level, the main reasons behind increases and the state of global financial markets, among other factors, they said.