ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Bank of Japan

Japan central bank buys record $182bn of bonds in January

'Yield curve control' policy under strain; shift expected with new BOJ chief

The Bank of Japan bought 23.69 trillion yen of bonds in January, the largest amount on record, topping the previous high of 16.2 trillion yen reached in June last year.

TOKYO (Reuters) -- The Bank of Japan bought a record $182 billion worth of government bonds in January, data showed on Wednesday, underscoring its resolve to defend its yield cap from attack by investors betting on a near-term interest rate hike.

The massive buying highlights the increasing difficulty the central bank faces in sustaining its yield control policy, as inflation perks up well above its 2% inflation target.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more