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1 year ago

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Bank of Japan ramps up battle to defend yield cap even as weakening yen raises economic risk

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Bank of Japan ramps up battle to defend yield cap even as weakening yen raises economic risk

The Bank of Japan kept up its relentless quest to defend a key yield cap by offering to buy unlimited amounts of 10-year government bonds on Tuesday, underscoring its resolve to keep policy ultra-loose and putting downward pressure on the yen.

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Bank of Japan ramps up battle to defend yield cap even as weakening yen raises economic risk

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Bank of Japan ramps up battle to defend yield cap even as weakening yen raises economic risk

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