Skip to content

BOJ Boosts Bond Buying as Yields Advance Toward Policy Limit

  • Japan’s 10-year yield approaching key 0.25% BOJ ceiling
  • Central bank to increase buying at regular operations
The Bank of Japan (BOJ) headquarters in Tokyo.

The Bank of Japan (BOJ) headquarters in Tokyo.

Photographer: Toru Hanai/Bloomberg
Updated on

The Bank of Japan said it would boost scheduled bond purchases as the intensifying Treasuries selloff puts upward pressure on global yields and weakens the yen.

The BOJ said it would buy 550 billion yen ($3.8 billion) of five-10 year bonds at its regular operations, up from 500 billion yen scheduled. The move comes as Japan’s benchmark 10-year yield hit 0.245%, approaching the 0.25% upper limit of the BOJ’s tolerated trading band.