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06.02 - 14:19
Bank of Japan Governor Digs In for Standoff With Markets
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TOKYO—The Bank of Japan ‘s governor expressed confidence that he could prevail in a standoff with markets over his cap on government bond yields, but some analysts remained skeptical.
The bank on Wednesday dashed market expectations for another policy change and maintained its cap for the yield on 10-year Japanese government bonds at 0.5% after it raised the ceiling on Dec. 20 from 0.25%.
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