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Economy

BOJ conducts first fixed-rate bond purchase in five months

Bank increases bond purchase simultaneously

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People walk past the Bank of Japan in Tokyo.   © Reuters

TOKYO -- The Bank of Japan announced on Friday morning that it will increase the purchase of long-term government bonds, after long-term interest rates briefly hit 0.105%, the highest level since Feb. 3.

The BOJ aims to keep the 10-year yield at around zero percent under its policy of yield curve control introduced last September. However, interest rates are rising in the U.S. and Europe, sending them higher in the Japanese bond market as well.

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