BOJ to buy more government bonds Monday after record purchasing spree

Japan's central bank confronted with rising yields ahead of policy meeting

The yield on benchmark 10-year Japanese government bonds exceeded 0.5% on Jan. 13 despite the Bank of Japan's record purchasing.

KENICHI ONOZAWA, Nikkei staff writer

January 16, 2023 04:04 JST

TOKYO -- The Bank of Japan is preparing to purchase more Japanese government bonds on Monday, following last week's record 10 trillion yen ($78 billion) debt purchase that failed to rein in rising yields.

The BOJ will kick off the year's first two-day policy board meeting Tuesday. Ahead of this, many in the central bank believe that it should take a wait-and-see approach on policy changes.