BOJ offers to make massive cash injection as 10-year JGB yields spike

At its daily operation, the Bank of Japan (BOJ) offered to inject massive cash into the financial markets, in a bid to counter the impact of rising long-term interest rates on the economic recovery.

Key details

“BOJ offers to pump JPY2 trillion via temporary bond buying.”

“Benchmark 10-year JGB hits 0.105%, highest since November 2021.”

“Key yield still within loose range BOJ sets around target.”