BOJ keeps size of super-long JGB buying unchanged from previous operation - Reuters

Omkar Godbole FXStreet Contributor

The Bank of Japan (BOJ) kept the amount of Japanese government bonds (JGB) purchase unchanged from the previous operation, offering to buy JPY 180 billion in 10-25 year maturities and JPY 50 billion in 25-40 year notes, according to Reuters news.

The 10-year Japanese government bond yield jumped to its highest level since January 2016 yesterday, triggering speculation that the BOJ might boost bond purchases in order to keep the rising yield under control.

The BOJ's decision to keep the bond purchases unchanged indicates growing tolerance to higher yields.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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