The Bank of Japan implemented an extraordinary measure called "continuous limit operation" to buy unlimited government bonds at a specified yield until the 26th, and bought more than 2 trillion yen of government bonds.
However, since long-term interest rates are still moving near the upper limit of the fluctuation range indicated by the Bank of Japan, we have decided to add a continuous limit operation until the 28th.
In order to curb the rise in long-term interest rates, the Bank of Japan has implemented an extraordinary measure called a "continuous limit operation" to buy 10-year government bonds at a yield of 0.25% indefinitely from the 21st to the 26th of this month.
We purchased a total of 2,076.7 billion yen of government bonds in four days, but in the bond market on the 26th, long-term interest rates remained near the upper limit of the fluctuation range indicated by the Bank of Japan.
For this reason, the Bank of Japan has announced that it will carry out additional limit operations until the 28th.
Interest rates on government bonds fall when they are bought in the market, and the Bank of Japan aims to curb the rise in long-term interest rates by continuing to buy large amounts of government bonds through additional continuous limit operations.
The Bank of Japan is planning to hold a meeting to decide monetary policy on the 27th and 28th, and it is a renewed stance to curb the rise in long-term interest rates in line with the current large-scale monetary easing measures.