BOJ agrees long-term interest rates should be set by markets, plans slower bond buying pace.
Bank of Japan (BOJ) board members agreed long-term interest rates should be set by markets, with some suggesting the central bank should eventually slow bond buying pace, as per the minutes of their March policy meeting. The BOJ ended negative interest rates and bond yield control, shifting away from prolonged stimulus. Some members expressed the view that long-term interest rates should be determined by markets.
May 02, 2024
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