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Japan's 10-year bond yield falls as BOJ keeps policy unchanged

Central bank bucks market speculation of monetary tightening

Crucial Japanese financial figures are displayed in Tokyo on Jan. 18. (Photo by Satoko Kawasaki)

TOKYO -- The yield on 10-year Japanese government bonds fell sharply on Wednesday after the Bank of Japan kept its ultraloose monetary policy unchanged.

The Bank of Japan in a two-day monetary policy meeting decided to keep its target band for 10-year Japanese government bonds at between plus and minus 0.5%, bucking speculation by some market participants that the central bank would move to tighten its monetary policy.

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