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BOJ offers to buy unlimited amount of bonds to calm markets

Move sends most Japanese government bond yields lower, weakens yen
Saturday, July 8, 2017 - 05:50

In a special market operation on Friday, the BOJ offered to buy an unlimited amount of 10-year Japanese government bonds at a yield of 0.110 per cent.


THE Bank of Japan said it would buy an unlimited amount of bonds on Friday, as it sought to put a lid on domestic interest rates pushed higher by the broad selloff in developed market bonds.

Its aggressive bond buying operation sent most Japanese government bond (JBG) yields

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