The Bank of Japan offered to buy unlimited amount of Japanese government bonds at fixed rates for the first time on Thursday, in a bid to rein in government debt yields.
In its first special operation after adopting the "yield curve control" policy in September, the bank offered to buy JGBs with 3 to 5 years maturity at a fixed rate.
Global bond yields have spiked after Donald Trump won the U.S. presidential election on expectations that inflation would spike.
The Japanese central bank also offered to buy bonds with 1-3 years maturity on Thursday.
A BoJ official reportedly said the bank received no bid in Thursday's special operations.
BoJ Governor Haruhiko Kuroda told lawmakers in parliament on Thursday that the course of Japanese government bond yields are not based on global market pressures, but they can be adjusted to suit economic conditions.
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