The Bank of Japan said Thursday it would buy an unlimited amount of 10-year government bonds at 0.25%, underscoring its resolve to prevent rising global yields from pushing up domestic borrowing costs too much.
This is the first such operation since July 2018 as yields creep closer to its tolerated level under its yield curve control (YCC) policy.
The offer will be made Monday, the central bank said in a statement posted on its website after the Japanese Government Bond (JGB) market closed Thursday.