BoJ kept rates low.. YEN damps Dollar Up economy up
US should drop those funding rate next FOMC
The BOJ kept its yield curve control (YCC) targets unchanged as it concluded a two-day policy meeting on Wednesday. It left the short-term interest rate at an ultra-dovish minus 0.1% and the 10-year Japanese Government Bonds (JGB) yield around 0%.
The YCC policy is a pillar of the central bank’s effort to keep interest rates low and stimulate the economy.