The Bank of Japan offered to buy unlimited amount of 10-year Japanese Government Bonds after yields rose to the upper end of the target range.
In a statement released Monday, the central bank said it will buy unlimited amount of 10-year JGBs at 0.25 percent for three consecutive days starting March 29.
Earlier, the central bank had conducted unlimited JGB purchases at 0.25 percent on February 14.
Despite the intervention, the yields on the government bonds continued to rise against the hawkish stance of the U.S. Federal Reserve.
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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.