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Bank of Japan policy board member Junko Nakagawa said Thursday that the bank needed to maintain monetary easing while paying careful attention to market functioning.
Nakagawa said the bank’s July decision to raise its cap on the yield on 10-year Japanese government bonds has improved its yield curve control policy.
“I believe the sustainability of monetary easing has increased because the decision has made it possible for the bank to flexibly respond to both upside and downside risks in the future,” she said.
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