TOKYO -- The Bank of Japan's purchases of long-term Japanese government bonds exceeded 17 trillion yen ($130 billion) in December, the largest monthly total on record, underpinned by its efforts to curb rising interest rates.
Tamping down long-term rates contributed to buying of 17tn yen in JGBs
A man walks past the Bank of Japan's headquarters in Tokyo. © Reuters
TOKYO -- The Bank of Japan's purchases of long-term Japanese government bonds exceeded 17 trillion yen ($130 billion) in December, the largest monthly total on record, underpinned by its efforts to curb rising interest rates.