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31st Oct 2023 09:08China+, Daily Monitor

  • The BoJ announced another change to make itsyield curve control policy more flexible yesterday.
  • The switch to a soft "reference" target, from a hard cap, is likely to lead investors to test the BoJ.
  • The Bank is likely to hold the line, just, until U.S. yields fall next year, relieving pressure on the JPY.

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Keywords for: 1 November 2023 China+ Monitor

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