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The Independent UK
The Independent UK
National
Associated Press

In a surprise move, Bank of Japan loosens bond yield cap

Copyright 2022 The Associated Press. All rights reserved.

The Bank of Japan broadened caps for government bond yields, a surprise move that pushed bond yields higher globally and dinged stocks in Asia.

The central bank on Tuesday said that it would allow the yield curve on the Japanese Government Bond to range 50 basis points either side of its 0% target, up from the previous cap of 25 basis points.

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