Bank of Japan boosts bond interventions
Yield curve control policy still under pressure
The Bank of Japan announced a further set of buying operations today (June 14) after yields came under continued upward pressure.
In a set of previously unscheduled purchases, the central bank said it will offer to buy longer-dated debt, after the 30-year yield hit 1.28%.
On June 15, the BoJ will offer to buy ¥150 billion of bonds ($1.1 billion) with more than 25-year maturities. The central bank will also offer to buy ¥250 billion of 10–25 year Japanese government bonds.
The central bank
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