BOJ discards explicit 1% ceiling for 10-year JGB yields

Central bank raises inflation projections but not as much as market expected

20231031 ueda boj

The Bank of Japan on Tuesday made its second adjustment to its yield curve control (YCC) framework in three months. (Nikkei montage)

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- The Bank of Japan on Tuesday tweaked its ultra-easy monetary policy, discarding any explicit ceiling for 10-year Japanese government bond yields.

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