BoJ unveils more flexible monetary policy framework

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The Bank of Japan has introduced several operational tweaks to its stimulus programme

The Bank of Japan (BoJ) has introduced several operational tweaks to improve the flexibility of its massive stimulus programme, while signalling it plans to keep interest rates “extremely low” at least until 2019.

The BoJ named the policy statement Strengthening the framework for continuous powerful monetary easing in a bid to emphasise its commitment to the elusive price stability target of 2% inflation.

The Japanese central bank decided to allow the yield on 10-year Japanese government bonds

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