©Reuters. The Bank of Japan announces an emergency purchase of government bonds
Arabictrader.com – The Bank of Japan announced an emergency purchase of government bonds on Wednesday morning, one day after its monetary policy decision.
- 100 billion JPY to purchase Japanese for 3 to 5 year periods until maturity.
- 100 billion yen to purchase Japanese treasury bonds with maturities of 5 to 10 years to maturity.
Interestingly, the Bank of Japan decided yesterday morning, Tuesday, to keep the interest rate unchanged at -0.1%, but raised its targets for the Japanese treasury yield curve control program from 0.25% to 0.5%.
Today’s emergency government bond buying came as a continuation of the Bank of Japan’s new policy to control the yield curve.
