The Bank of Japan maintained ultra-low interest rates on Friday but took steps to make its yield curve control policy more flexible, underscoring growing concerns over the rising side- effects of prolonged monetary easing.
FILE PHOTO-A man looks at a mobile phone in front of the Bank of Japan building in Tokyo, Japan June 16, 2017. REUTERS/Toru Hanai/File Photoultra-low interest rates on Friday but took steps to make its yield curve control policy more flexible, underscoring growing concerns over the rising side- effects of prolonged monetary easing.
At the two-day meeting that ended on Friday, the central bank kept unchanged its short-term interest rate target at -0.1% and that for the 10-year government bond yield around 0%. It also maintained guidance allowing the 10-year yield to move 0.5% around the 0% target, but said those would be "references" rather than "rigid limits".The dollar reversed declines against the yen to surge as much as 1.22%. Japan's Nikkei share average
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