Bank of Japan October 31 Statement – full text

<p>Full text:</p><ul><li><a href="https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2023/k231031a.pdf" target="_blank" rel="nofollow">Statement on Monetary Policy</a></li></ul><p>Also, this added to it:</p><ul><li><a href="https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2023/mpr231031d.pdf" target="_blank" rel="nofollow">(Reference) Further Increasing the Flexibility in the Conduct of Yield Curve Control (YCC)</a></li></ul><p>As I said earlier:</p><ul><li>The last time the Bank of Japan allowed an expanded range for the 10 year JGB yield tolerance band the Bank explained this was to make ultra-easy policy more sustainable. Today the BOJ set the 1% cap more firmly in place, cementing that reasoning, it looks like loose policy is set in place for still some time to come.</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.