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YCC set to survive for a while yet: what next for JGBs and the yen

With Yield Curve Control set to stay in place at least for the rest of this year, we now expect the yield of 10-year JGBs to settle close to the 50bp tolerance band ceiling. But given we predict yields in other major advanced economies to fall by the end of the year, we still expect the yen to appreciate.

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