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Meanwhile, in the Asian session, the Bank of Japan held rates unchanged and doubled down to the Yield Curve Control (YCC), offering to buy an unlimited amount of 10-year JGBs at a fixed 0.25% rate. The BoJ’s expressed that they will ease policy without hesitations as needed with an eye on pandemic impact.

The BoJ Governor Haruhiko Kuroda, in his press conference, said that it is appropriate for Western central banks to tighten given higher inflation and their relatively quick Situs Judi Slot Online Terpercaya recovery from the pandemic. Kuroda added that there is nothing wrong with diverging monetary policy between Japan and Western nations.

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