scorecardresearchBank of Japan Announces Unscheduled Bond Buying as Yields Stay at Ceiling

Bank of Japan Announces Unscheduled Bond Buying as Yields Stay at Ceiling

Updated: 21 Sep 2022, 08:52 AM IST
TL;DR.
The Bank of Japan announced an unscheduled bond-purchase operation as it seeks to cap upward pressure on yields before a policy decision later this week.
A member of security stands at the entrance to the Bank of Japan Annex Building, across the street from the Bank of Japan (BoJ) headquarters in Tokyo on September 14, 2022. - Japan's central bank on September 14 conducted an operation often seen as a precursor to currency intervention, local media said, as the yen continues to crater against a strengthening dollar. (Photo by Richard A. Brooks / AFP)

A member of security stands at the entrance to the Bank of Japan Annex Building, across the street from the Bank of Japan (BoJ) headquarters in Tokyo on September 14, 2022. - Japan's central bank on September 14 conducted an operation often seen as a precursor to currency intervention, local media said, as the yen continues to crater against a strengthening dollar. (Photo by Richard A. Brooks / AFP)