TOKYO: The Bank of Japan further loosened its grip on long-term interest rates by tweaking its bond yield control policy on Tuesday, taking another small step towards ending its massive stimulus programme.
The nine-member board also revised up its price forecasts to project inflation well exceeding its 2% target this year and 2024, underscoring a growing conviction that conditions for phasing out ultra-loose monetary policy are falling into place.
Uh-oh! Daily quota reached.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
