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POSTED ON December 21, 2022  - POSTED IN Original Analysis

While most central banks around the world have tightened monetary policy in an attempt to bring price inflation under control, Japan has done the exact opposite. But in a surprise move, the Bank of Japan widened its target range for 10-year Japanese bond yields, effectively raising the interest rate.

The move strengthened the yen, put more pressure on a weakening dollar, and rattled the global bond market.

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