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Bank of Japan leaves key interest rate unchanged, pledges to make YCC more flexible

by Index Investing News
July 28, 2023
in Markets
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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.



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