Bank of Japan defies market pressure and firmly maintains yield curve control
The Bank of Japan defied market pressure and left its yield curve control measures unchanged, sending the yen plunging and pushing stocks higher as it stuck to a central pillar of its monetary policy ultra-accommodating. Tokyo traders said the BoJ’s decision, which came after a two-day meeting the penultimate under its longest-serving governor, Haruhiko Kuroda, …
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