Bank of Japan increases bond purchases amid global sell-off
Both the prime minister and the governor see no rush to withdraw stimulus
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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