Japan's 10-year government bond yield has again topped the Bank of Japan's new ceiling before the start of the central bank's two-day policy meeting on Tuesday.
The move comes amid upward pressure in the financial market with prospects that the bank will further tweak its massive monetary easing policy following an adjustment last month.
The yield rose 1 basis point to 0.51 percent on Monday, marking two consecutive trading days of hitting the upper limit of 0.5 percent that the bank set on December 20.
The BOJ is conducting additional bond purchases as it announced last week in order to curb a rise in long-term yields.
The move comes amid upward pressure in the financial market with prospects that the bank will further tweak its massive monetary easing policy following an adjustment last month.
The yield rose 1 basis point to 0.51 percent on Monday, marking two consecutive trading days of hitting the upper limit of 0.5 percent that the bank set on December 20.
The BOJ is conducting additional bond purchases as it announced last week in order to curb a rise in long-term yields.
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Summary
Japan's 10-year government bond yield exceeded the Bank of Japan's (BOJ) ceiling twice, reaching 0.51%, amid expectations for further modifications in the BOJ's monetary easing policy. This surge occurred before the BOJ's two-day policy meeting on Tuesday. The BOJ is taking additional bond
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ID: d50e7707-5d6f-493e-8626-19a61ca0840f
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230116_28/
Date: Jan. 16, 2023
Created: 2023/01/16 19:57
Updated: 2025/12/09 08:53
Last Read: 2023/01/16 20:18