The Bank of Japan has announced that it will expand the scope of purchases until the 17th by taking measures to purchase unlimited government bonds.
In addition to government bonds with a slightly shorter maturity period, the stance of curbing the rise in interest rates has been clarified once again.
The Bank of Japan says that the current large-scale monetary easing policy will adjust the yield of 10-year government bonds to a fluctuation range of "plus or minus 0.25%".
Long-term interest rates have been moving near the upper limit recently, and in order to curb the rise in interest rates, the Bank of Japan has designated a yield of 0.25% for 10-year government bonds and has taken measures called "limit operations" to buy unlimitedly. In principle, it is carried out every day.
However, in the bond market, the BOJ may move to correct monetary easing against the backdrop of the rapid depreciation of the yen. I am.
For this reason, the Bank of Japan has added 7-year JGBs to the purchase of limit operations that will be held from the 15th to the 17th.
The total amount of purchases made through limit operations on the 15th amounted to approximately 3.7 trillion yen.
By adding purchase targets, the Bank of Japan has reaffirmed its stance of curbing interest rate hikes ahead of the monetary policy meeting held on the 16th and 17th.