BOJ Boosts Super-Long Bond Buying as Yield Pressure Grows
- Bank also keeps more-than-planned purchases for shorter tenors
- Increased buying is to keep yield curve in check: Okasan
This article is for subscribers only.
The Bank of Japan boosted purchases of longer-dated government bonds as rising yields threatened to loosen its grip on the yield curve.
The central bank increased its buying of bonds maturing in 10-25 years by 100 billion yen ($674 million) and even longer maturities by 50 billion yen, from its last operations for these tenors earlier this month. Purchases of maturities from three to 10 years were also higher than planned after the central bank boosted buying on Oct. 21.