MN BRIEF: BOJ Increases JGB Buying To Curb Higher Yields

The Bank of Japan on Wednesday increased the scale of its purchases of Japanese government bonds to curb the rise in bond yields as JGBs tracked movements in overseas markets.

Purchases of JGBs with a remaining life of 3 to 5 years were increased to JPY575 billion from JPY475 billion and the scale of buying for JGBs with a remaining life of 5 to 10 year was increased to JPY650 billion from JPY550 billion.

Also, the scale of buying for JGBs with a remaining life of 10 to 25 years was increased to JPY350 billion from JPY250 billion, while purchases of JGBs with a life of more than 25 years were increased to JPY150 billion from JPY100 billion.