Japan’s central bank said that it will continue to allow 10-year government bond yields to fluctuate in the range of around plus and minus 0.5%.
On Friday, the BOJ also downgraded its inflation median forecast for 2024 to 1.9% from 2% previously, while retaining its 2025 forecast for 1.6%.
The Japanese yen (JPY:USD) fluctuated broadly around the 140 per dollar level, falling as much as 0.5% after the decision.
The Commerzbank AG headquarters, within the monetary district of Frankfurt, Germany, on Thursday, Sept. 12, 2024.Emanuele Cremaschi | Getty Pictures...
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