Bank of Japan Increased Purchase Volume of Bonds
The Bank of Japan stepped up its plans to buy up bonds, as the yield of Japanese government bonds rose. Against this background, the yen depreciated.
The Bank of Japan said it intends to buy an unlimited number of 10-year government bonds in Japan with a yield of 0.110%. The central bank of Japan also increased the volume of purchases of bonds with maturity of five- to 10-year by 50 billion yen ($439.96 million) to 500 billion yen.