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BoJ Boosts Size Of Additional Bond-Buying Operation

BOJ

The Bank of Japan has offered to buy Y800bn of 5- to 10-Year JGBs today in an unscheduled bond-purchase operation.

  • The operation was announced on Monday as benchmark 10-Year yield breached the 0.25% ceiling.
  • The size of the operation was larger than the previously announced Y500bn as global bond markets remain under pressure.
  • The question is whether the Bank will opt to buy longer-dated debt in the coming days as the yield curve steepens despite 10-Year yield being anchored.

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