The Bank of Japan conducted additional bond purchases on Tuesday as the policy tightening stance by major central banks put pressure on the 0.25 percent yield cap on Japanese government bonds.
"The Bank will make changes in the auction schedule and amounts of outright purchases of JGBs as needed, taking account of market conditions," the BoJ said in a statement.
The yen weakened to a 24-year low against the US dollar on Monday. The BoJ has been under renewed pressure to bring yields down, but such interventions weaken the currency.
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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.