BoJ members split ranks on monetary easing

Not all members agree on how low 10-year yields should be

bank-of-japan-new
The Bank of Japan

Bank of Japan (BoJ) policy-makers disagreed over the degree of monetary easing at their latest meeting, with some members arguing that long-term yields “should be allowed to temporarily turn negative”, while others favoured more flexible purchases.

At the meeting, the central bank kept policy on hold, maintaining a negative interest rate of –0.1% and increasing Japanese government bond (JGB) holdings at an annual pace of about ¥80 trillion ($731 billion).

“On the recent decline in long-term

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