Bank of Japan announces an unscheduled JGB buying operation

Bank of Japan buying

  • JPY300bn in 5 to 10 years JGBs
  • and 100 bn JPY in 10-25 year

Part of the Bank trying to control yields (trying to drive them lower to maintain easy monetary policy).

This article was written by Eamonn Sheridan at www.forexlive.com. Source