JGBs higher as BoJ leaves policy unchanged

The Bank of Japan said Tuesday it would maintain current policy for money market operations. The vote was unanimous. Although the BoJ is under political pressure to ease further it was felt by many that they are waiting to see what impact their recent changes have on the economy.

Japanese government bonds rose on Tuesday as the central bank kept monetary policy largely unchanged following its two-day policy board meeting, Reuters reported.

Although the Bank of Japan kept overall monetary policy