The Bank of Japan on Wednesday boosted efforts to defend its yield target, making a fresh offer to buy an unlimited amount of the 10-year bonds for four consecutive sessions.
The move comes as the yield on the 10-year JGB remained at 0.25%, the upper limit of its target of around zero percent, throughout Wednesday, despite the central bank's offer to buy an unlimited amount of the 10-year bonds at that rate.
"The Bank of Japan has no other choice than to keep offering unlimited purchases of JGBs," said Takafumi Yamawaki, head of Japan fixed income research at JPMorgan Securities. The BOJ's guidance is that it will allow the 10-year yield to move flexibly around its 0% target as long as it stays below the 0.25% upper limit.The bank had also offered to buy unlimited amounts of 10-year bonds at 0.25% in February and made four consecutive days of offers in March.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan researchers develop electric chopsticks to enhance salty tasteJapanese researchers have developed computerized chopsticks that enhance salty tastes, potentially helping those who need to reduce sodium in their diets.
Read more »
Japan formally revokes Russia's 'most favored nation' statusJapan has formally revoked Russia's “most favored nation” trade status over its invasion of Ukraine, as Tokyo steps up sanctions amid revelations of the Russian military's widespread atrocities against civilians.
Read more »
Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing – Finance Bitcoin NewsThe Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project, plans to trial payments.
Read more »
Harvey's Cronies Are Making Bank Off of Weinstein Movies and ShowsFor years, some Weinstein Company insiders looked the other way during Harvey’s reign of abuse. Today, they’re still raking in profits, while victims walk away with paltry settlements
Read more »
Yellen urges World Bank to develop 'clear and ambitious' climate targetsU.S. Treasury Secretary Janet Yellen on Wednesday urged the World Bank to develop 'clear and ambitious targets' for climate adaptation and the global energy transition, underscoring the importance of such efforts for reaching a net-zero energy future.
Read more »
Brazilian Development Bank Sets Deadline for Completion of Blockchain Network – Bitcoin NewsThe agreement, which was subscribed to by the two institutions, determines a deadline of 60 months for the completion of the Brazilian Blockchain Network.
Read more »