Yields will stabilize without intervention, BoJ says

Source: Reuters
© Scanpix/Reuters
The BoJ governor Sayuri Shirai expects Japanese government bond prices to stabilize without any intervention by the central bank. He predicts that economic growth will resume in the middle of 2013, while achieving the goal of 2% inflation will take time. The BoJ decision to keep its monetary policy steady and speculations on Fed's withdrawal of its QE significantly contributed to a collapse in the stock market.
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