Bank of Japan increases bond purchases amid global sell-off

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The Bank of Japan has upped its purchases of government bonds

The Bank of Japan has increased its purchases of Japanese government bonds and announced unlimited purchases of 10-year JGBs, seeking to curb bond yields amid the global sell-off.

In the offer announced on February 2, the central bank increased the size of the regular auction of five- to 10-year JGBs to ¥450 billion ($4.11 billion) from ¥410 billion and simultaneously offered to buy benchmark 10-year JGBs at 0.11% in unlimited quantities.

The decision follows an earlier announcement on January

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