 After a two-day monetary policy meeting, and in defiance of market predictions, the Bank of Japan BoJ kept its ultra-low interest rates and bond yield limit in place on Wednesday 18th January. The market had expected the BoJ to increase the target rate on 10-year bonds above 0, increase the range within which rates might depart from the goal by more than 0.5 percentage points, or abandon yield curve control YCC completely.In an effort to demonstrate its determination to con... 