BOJ May Raise 10-Year JGB Yield Ceiling to 1% to Deter Speculators
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BOJ to consider allowing 10-year JGB yields to exceed 1% at Tuesday's policy meeting
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Current ceiling for long-term rates is 1%
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BOJ hopes higher ceiling will deter speculators targeting rate cap
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This would reduce the need for BOJ to buy large quantities of JGBs
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Previous ceiling was 0.5%, raised to 1% in July