Yen weakens despite BOJ's policy tweak allowing higher yields

Japan's central bank signals it is not yet ready for drastic jump in rates

20230802N boj

The Bank of Japan has expanded its target band for the 10-year yield, but market watchers think its exit from ultralow rates remains far away. (Photo by Konosuke Urata)

TAKAHISA TAMURA, AKIRA INUJIMA and DAICHI MISHIMA, Nikkei staff writer

TOKYO -- Though Japanese bond yields are rising following last week's policy adjustment by the Bank of Japan, speculation that the bank does not plan to end its monetary easing has pushed the yen lower.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.