The Bank of Japan conducted an unscheduled bond buying operation on Thursday after the benchmark bond yields exceeded the ceiling.
The BoJ targets 10-year Japanese government bond yield of zero percent, with a cap of 0.25 percent. The central bank held bond buying operations as the yield rose to 0.255 percent on Thursday.
The ultra-loose monetary policy, aimed at boosting economic growth, has pushed the Japanese yen to a 32-year low against the US dollar. The yen weakened to around 149.3 against the dollar on Wednesday, much closer to the psychological barrier of 150.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.