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The Bank of Japan as widely expected kept unchanged its -0.1% target for short-term interest rates, and 0% for the 10-year government bond yield unani
[See the full post at: Deja Vu as Dollar Yen Soars After Bank of Japan Keeps Monetary Policy Steady, No Change to JGB Yield Band]
Bank of Japan Governor Ueda repeated that ETF purchases are part of large-scale easing and that there are no current problems with these purchases.
Japan’s March Leading Index was down 0.7% m/m (last 1.4%) and Coincident Indicator was unchanged m/m (last 2.5%)
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