# Japan govt bond breaches yield cap, BOJ steps in with buying, loans

> Japan's 10-year government bond yield rose to 0.505% on Wednesday, breaking above the Bank of Japan's 0.5% cap. The BOJ stepped in with bond buying and loans to defend the cap.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37558-japan-govt-bond-breaches-yield-cap-boj-steps-in-with-buying-loans
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Monetary policy moves in Japan affect yen strength and funding costs, which can shift the currency backdrop for Japanese import demand. The direct effect on feed commodity prices is small.

## Read by commodity

- USDJPY: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/asia/bank-japan-conduct-emergency-bond-buying-after-key-yield-breaches-policy-cap-2023-02-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.