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In Japan, Central Bank Still Wants Interest Rates Near Zero
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TOKYO—Japan is taking action to keep interest rates ultra low and stimulate its economy, bucking the global trend symbolized by the Federal Reserve’s plans for multiple rate increases.
The Bank of Japan on Thursday warned investors that it wouldn’t let the yield on the 10-year Japanese government bond rise above 0.25% after the market pushed the rate near that level for the first time in six years.
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