BoJ maintains yield target after two day meeting

Yen falls 2%

The Bank of Japan maintained its loose monetary policy, leaving its control measures unchanged after a two-day meeting.

Following the announcement, the yen fell more than 2% against the dollar, while the Topix index was up 1.6% in afternoon trading and the yield on ten year government bonds fell 0.12 percentage points to 0.381%. In December, the central bank had announced a higher target yield ceiling, which allowed yields to fluctuate by 0.5 percentage points above or below its target of zero. On Wednesday (18 January), it kept to his range and the overnight interest rate of minus 0.1%. Stock Spotlight: Inflation strikes Apple's core as market cap peels back Following the decision in Decemb...