Japan's 10-year bond yield dips as BOJ maintains policy

Jun 16, 2023 | News On Japan

TOKYO - Japan's 10-year government bond yield weakened and 10-year futures rose on Friday after the Bank of Japan (BOJ) kept its ultra-loose monetary policy unchanged.

The Bank of Japan maintained its ultra-easy monetary policy on despite stronger-than-expected inflation, as it focuses on supporting a fragile economic recovery amid a sharp slowdown in global growth.

The 10-year JGB yield fell 2.5 basis points (bps) to 0.400%. The 10-year JGB futures reversed course to rise and last traded up 0.26 yen at 148.34.

At the end of the two-day meeting, the central bank also kept intact a pledge to "patiently" sustain massive stimulus to ensure Japan sustainably achieves its 2% inflation target accompanied by wage hikes. ...continue reading

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