In order to curb the rise in long-term interest rates, the Bank of Japan has taken for the first time a measure called a "continuous limit operation" to buy unlimited government bonds at a yield of 0.25% for three days from the 29th.
In the morning transaction, the Bank of Japan purchased 242.6 billion yen worth of government bonds and kept long-term interest rates below 0.25%.
As part of its monetary easing policy, the Bank of Japan plans to adjust the yield of 10-year government bonds, which is an indicator of long-term interest rates, to a fluctuation range of "plus or minus 0.25%."
In the bond market, the rise in long-term interest rates in the United States, which is aggressive in raising interest rates, has led to the sale of Japanese government bonds, which is increasing the upward pressure on long-term interest rates.
For this reason, the Bank of Japan has taken for the first time a measure called a "continuous limit operation" to buy unlimited government bonds at a yield of 0.25% for three days from the 29th in an attempt to curb the rise in long-term interest rates.
Interest rates on government bonds fall when they are bought in the market, and the BOJ is expected to have the effect of curbing the rise in long-term interest rates by designating yields and purchasing government bonds without restrictions.
In the morning transaction, the Bank of Japan bought government bonds worth 242.6 billion yen and kept long-term interest rates below 0.25%.
On the other hand, in the foreign exchange market, the yen depreciation accelerated to the 125 yen level at one dollar on the 28th due to the strong awareness of the widening interest rate differential between Japan and the United States, but on the 29th there was a movement to buy back the yen, and the dollar was 1 dollar. = It is traded at the 123 yen level.