# BOJ stands its ground on benchmark yield as global rates pressure builds

> The Bank of Japan kept its benchmark yield cap in place while stepping up 3-10 year JGB purchases in a scheduled operation and offering to buy super-long JGBs in an emergency operation. The moves came as global rate pressure built.

- Date: 2022-03-30 · published 2022-03-30T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/42475-boj-stands-its-ground-on-benchmark-yield-as-global-rates-pressure-builds
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Aggressive BOJ bond buying keeps Japanese rates low while US yields rise, widening the yield gap and weakening the yen. A weaker yen raises the local-currency cost of imported feed grains and meal, which can lift Japanese buying costs even as dollar prices hold.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/boj-notches-up-defense-yield-cap-with-bigger-unscheduled-bond-buying-2022-03-30/

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