The Bank of Japan decided to bring greater flexibility to the yield curve control and to maintain its ultra-loose monetary policy on Friday.
The bank board, led by Governor Ueda Kazuo, decided to continue to allow the yield on 10-year Japanese government bonds, or JGBs, to fluctuate in the range of plus and minus 0.5 percentage points from the target level.
However, the central bank said it will conduct the yield curve control with greater flexibility, regarding the upper and lower bounds of the range, without setting "rigid limits".
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.