BOJ’s QE Expansion Likely Ineffective Despite Pledge of Unlimited Purchases

<p>BOJ announced to expand QE today. It will increase support on corporate financing and remove the annual purchase limit for JGBs, from 80 trillion yen previously. Meanwhile, the central bank left the overnight rate unchanged at -0.1%, and the yield curve control (YCC) program in order to keep the 10-year JGB yields at about 0%. […]</p>
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