Full text:
Also, this added to it:
As I said earlier:
- The last time the Bank of Japan allowed an expanded range for the 10 year JGB yield tolerance band the Bank explained this was to make ultra-easy policy more sustainable. Today the BOJ set the 1% cap more firmly in place, cementing that reasoning, it looks like loose policy is set in place for still some time to come.
![ycc flexibility 31 October 2023](https://images.forexlive.com/images/ycc%20flexibility%2031%20October%202023_id_83e145a0-acf7-49ad-bcf0-ac53562418e6_original.jpg)