TOKYO -- Bank of Japan Gov. Haruhiko Kuroda defended the central bank's decision to keep its yield curve control policy unchanged on Wednesday, even as some investors tested its resolve to maintain the interest rate band.
After a two-day meeting, the BOJ's nine-member board kept its target band for 10-year Japanese government bonds at between plus and minus 0.5%. The bank left short-term term interest rates at minus 0.1%, and promised to conduct unlimited bond buying operations every trading day to maintain its control over the yield curve.
