Business Standard

Bank of Japan's record $81-billion bond buy brings calm to market

Ten-year yields edged higher to 0.23% Monday in the aftermath of the BOJ's 10.9 trillion yen ($81 billion) of government bond purchases last week, the most on record

Bank of Japan
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Bank of Japan.

Chikako Mogi | Bloomberg
Tokyo’s bond market began the week on a much calmer footing as traders mulled unprecedented intervention by the Bank of Japan, which dragged benchmark yields back below their closely watched ceiling.

Ten-year yields edged higher to 0.23% Monday in the aftermath of the BOJ’s 10.9 trillion yen ($81 billion) of government bond purchases last week, the most on record, data compiled by Bloomberg show. The central bank ramped up bond buying as benchmark yields breached its 0.25% tolerated limit amid a global debt selloff.

By way of comparison, European Central Bank asset purchases under its so-called APP program averaged about $27 billion

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First Published: Jun 21 2022 | 1:06 AM IST

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