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Ueda says BoJ’s long-term rates have risen ‘somewhat rapidly’

Japan’s central bank will purchase government bonds if yields continue to rise, governor says

Central Bank of Japan

The governor of the Bank of Japan has said long-term interest rates have been rising at a “somewhat rapid pace” and that the bank will purchase government bonds if this continues.

Speaking to the country’s parliament on December 9, Kazuo Ueda said the BoJ would increase its purchases of Japan government bonds (JGBs) “and take other measures flexibly in an exceptional situation in which long-term interest rates rise rapidly in a way different from normal market movements”, according to media

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