The Bank of Japan modified its bond yield control again on Tuesday by re-defining 1.0% as an 'upper bound' with room for allowance, rather than a rigid cap.
An office employee walks in front of the bank of Japan building in Tokyo, Japan, April 7, 2023. REUTERS/Androniki ChristodoulouTOKYO, Oct 31 - The Bank of Japan modified its bond yield control again on Tuesday by re-defining 1.0% as an "upper bound" with room for allowance, rather than a rigid cap.
"The BOJ will regard the upper bound of 1.0% for the 10-yaer Japanese government bond yield as a reference" and continue large-scale bond buying and nimble market operations, the central bank said in a statement. As widely expected, the BOJ maintained a 0.1% interest charged on financial institutions' excess reserves parked with the central bank, and a 0% target for the 10-year government bond yield set under its yield curve control policy.Vietnam is holding talks with chips companies with the aim of boosting investment in the country and possibly building its first chipmaking plant, or fab, two business executives said, despite warnings from U.S. industry officials about high costs.
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