The Bank of Japan will implement measures to purchase unlimited government bonds at the specified yield on the 14th for the first time in about 3 years and 7 months.
Long-term interest rates are approaching the upper limit of the fluctuation range indicated by the Bank of Japan, and it seems that the aim is to suppress the rise in interest rates and emphasize the current stance of continuing monetary easing by taking this measure.
As part of its monetary easing policy, the Bank of Japan plans to adjust the yield of 10-year government bonds to a fluctuation range of "plus or minus 0.25%".
Interest rates on government bonds rise as prices fall, but recently the movement to sell Japanese government bonds has intensified in the bond market, and long-term interest rates will temporarily rise on the 10th of this month, the highest level in about 6 years and 1 month 0.23. It rose to% and approached the upper limit of the fluctuation range.
In response to this, on the 14th, the Bank of Japan will implement a measure called "Limit Operation" to buy unlimited government bonds at the specified yield of 0.25%.
It is the first time in about 3 years and 7 months since July 2018 that the Bank of Japan has taken this measure.
Central banks in Europe and the United States are moving toward monetary tightening, and long-term interest rates in each country are on the rise. Seems to be there.