TOKYO -- The Bank of Japan shocked markets with an unexpected widening of its target band for interest rates, sparking a rally in the yen, pushing up bond yields and triggering a slump in stocks.
Economy
BOJ shocks markets with surprise widening of yield target band
Central bank to allow yields on 10-year JGBs to move within 50bps of 0% goal
Bank of Japan Gov. Haruhiko Kuroda has maintained that inflation is transitory and that a shift in monetary policy is premature. (Source photos by Kyodo and Nikkei)
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