The Bank of Japan on Wednesday said it will purchase more Japanese government bonds (JGBs) than it initially planned to buy during its regular operation during the day.
The central bank offered to buy 100 million yen ($674 million) more bonds with maturities from 3- to 10-years per operation and 50 million yen more in bonds with longer than 25 years maturity.
The higher-than-expected buy comes after a recent surge in yields and amid growing expectations that the BoJ will have to let go off its ultra-loose monetary policy and hike rates soon.
