 "Bank of Japan, BOJ")
The Bank Japan successfully defended its key bond yield target on Monday, holding the line on its ultra loose monetary policy, with the 10-year government bond yield falling after the central bank pledged market support to stop rates going higher.
The BOJ said last week it would buy an unlimited amount of 10-year government bonds at 0.25% to prevent rising global yields from pushing up domestic borrowing costs too much.
The 10-year JGB yield fell two basis points to 0.205% in early trade, after rising to 0.230% last week. The BOJ said it made no purchases of the debt, as there were
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