The Bank of Japan stepped up plans for its bond-buying on Friday as Japanese government bond (JGB) yields crept higher, causing the yen and oil to drop.
On Friday, the BOJ said it would buy an unlimited number of 10-year JGBs at a yield of 0.110 percent, and it increased the size of its regular buying of five- to 10-year JGBs by 50 billion yen ($439.96 million) to 500 billion yen, Reuters reported.
The BOJ has set a target of keeping the 10-year JGB yield at zero, buying bonds through its quantitative easing program to enforce its policy.
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