The Bank of Japan has announced a significant increase in the originally planned purchase of regular government bonds on the 30th, in addition to the unlimited purchase of temporary government bonds that will be carried out until the 31st.
We have made it clear that we are buying a large amount of government bonds to curb the rise in interest rates.
In order to curb the rise in long-term interest rates, the Bank of Japan plans to take extraordinary measures called "continuous limit operations" to buy unlimited government bonds with a maturity of 10 years at a yield of 0.25% until the 31st.
Separately from this, the Bank of Japan announced on the 30th that it will significantly increase the purchase amount of ordinary government bonds that were originally planned.
Initially, the purchase amount was 875 billion yen, but by increasing the purchase amount centered on 10-year government bonds and adding ultra-long-term government bonds with a maturity of more than 10 years, we will add them together. It was set at 1,575 billion yen.
Interest rates on government bonds fall when they are bought in the market, but the Bank of Japan has made it clear that it will buy a large amount of government bonds together with the "continuous limit operation" to curb the rise in interest rates.
As a result, long-term interest rates temporarily dropped to 0.225%.