BOJ Buys More Bonds Than Planned as Yield Nears Ceiling
- Central bank bought 550 billion yen of five-to-10-year notes
- Yield on Japan’s 10-year note close to tolerated 0.25% level
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The Bank of Japan bought a larger-than-planned amount of bonds at its regular operation on Monday, as the benchmark yield climbed toward the upper end of the central bank’s tolerated trading range.
The BOJ purchased 550 billion yen ($3.8 billion) of five-to-10-year notes. This was a third time its purchases exceeded the original plan of 500 billion yen, and followed unscheduled buying of 150 billion of the same tenors last Wednesday. Purchase amounts for one-to-three and three-to-five year debt were left unchanged at 475 billion yen each.