BOJ

The Bank of Japan maintained its policy rate at 0.75% on March 19 amid growing Middle East uncertainty. The decision was widely expected by markets and central bank watchers.

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Japan's 10-year government bond yield reversed course and edged higher on Tuesday following a moderately firm outcome at a same-maturity bond auction. The yield rose 0.5 basis points to 2.12%. Markets remain concerned that the Bank of Japan is lagging in addressing inflation risks, anticipating further rate hikes.