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MN BRIEF: BOJ Lifts Scale of JGB Buying To Curb Higher Yields

(MNI) Tokyo
(MNI) TOKYO

The Bank of Japan on Friday increased the scale of its purchases of Japanese government bonds to curb the rise in bond yields amid elevated yields overseas.

The scale of JGB buying with a remaining life of 1 to 3 years was increased to JPY500 billion from JPY475 billion at the previous similar operation, and the scale of JGB buying with a remaining life of 3 to 5 years was increased to JPY575 billion from JPY475 billion.

Also, the scale of JGB buying with a remaining life of 5 to 10 years was increased to JPY650 billion from JPY550 billion.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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