# BOJ offers four days unlimited bond-buying to defend yield cap

> The BOJ offered unlimited purchases of 10-year JGBs at a 0.25% yield for four days to defend its yield cap. The operation was a response to rising global yields.

- Date: 2022-03-28 · published 2022-03-28T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/42478-boj-offers-four-days-unlimited-bond-buying-to-defend-yield-cap
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Unlimited JGB buying signals the BOJ will keep yields suppressed, widening the rate gap with the US and weighing on the yen. That keeps Japanese import costs for feed high in local currency terms.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/boj-offers-buy-unlimited-10-year-bonds-defend-yield-ceiling-2022-03-28/

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