BoJ announces surprise bond buybacks - Breaking The News

BoJ announces surprise bond buybacks

21 December

1 min read

EPA/FRANCK ROBICHON

The Bank of Japan on Wednesday said it will conduct emergency bond-buying operations to rein in surging yields on Japanese government bonds (JGBs).

The central bank offered to buy ¥100 billion (~$756 million) in bonds with maturities from 3-to-5 years and the same amount in bonds with 5-to-10 years of maturity.

The unexpected buy comes after the BoJ on Tuesday decided to keep its ultra-loose monetary policy while tweaking its yield curve control.

bonds boj

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