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J&J Drags on Dow, DJIA Underperforms

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The Bank of Japan will keep to the same frequency and the scale of JGB buying operations in March as in February, the bank said Friday, as financial markets await the result of next month's policy review, to see if the bond-buying framework changes. Former BOJ officials have told MNI that policymakers will likely only tweak the program at best.

The near-term focus is whether the BOJ takes action to curb higher JGB yields as the 10-year bond yield briefly rose to 0.175% on Friday to the highest level since January 2016, when the BOJ announced to introduce negative rate policy.