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17.05 - 14:35
Bank of Japan Says It Will Keep Lid on Rates, Prompting Yen to Fall Further
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wsj.comTOKYO—The Bank of Japan reiterated its determination not to let interest rates rise in Japan despite significantly higher inflation, triggering another fall in the yen.
The Japanese central bank said it would purchase 10-year Japanese government bonds at a yield of 0.25% every business day to ensure that the yield doesn’t exceed that level. It has already intervened frequently this month to preserve the cap.
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