for its July 28 meeting, the BOJ noted "strictly capping 10-year Japanese government bond yields at the 0.5% level could affect the functioning of bond markets and the volatility in other financial markets."
As such, the central bank added it needs to continue with monetary easing so as to achieve its inflation target of 2%, elaborating that "it is necessary for the Bank to keep supporting the momentum for wage hikes through continuation of monetary easing."CNBC Pro: Morgan Stanley names 3 'high-conviction' global stock ideas, says one could soar 40%
Morgan Stanley has identified three Asia Pacific stocks as "high conviction" and actionable trade ideas. According to the Wall Street bank, the trade ideas are effective for 13 weeks from July 30, when they were first shared in a note to clients. The bank said the three stock ideas highlight "actionable, high-conviction calls" made by its equity research team in the preceding week.