TOKYO—The Bank of Japan kept up its relentless quest to defend a key yield cap by offering to buy unlimited amounts of 10-year government bonds on Tuesday, underscoring its resolve to keep policy ultra-loose and putting downward pressure on the yen. The BOJ’s intervention raised the stakes for policymakers in the world’s third-largest economy as…
BOJ Ramps up Battle to Defend Yield Cap Even as Weakening Yen Raises Economic Risk
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