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BOJ may end yield curve control by September: MUFG markets chief

Central bank could lift negative rate policy next fiscal year, says Hiroyuki Seki

The Bank of Japan could move to end its negative interest rate policy next fiscal year if the conditions are right, a Mitsubishi UFJ Financial Group exec says.   © Reuters

TOKYO -- The Bank of Japan may revise or even abandon its targeting of long-term interest rates by the end of September if conditions are right, an executive at leading Japanese banking group MUFG tells Nikkei.

The central bank's yield curve control seeks to fix yields on 10-year Japanese government bonds around zero, tolerating moves of up to 50 basis points above or below that level.

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