Japan to inject 2.8 trillion yen in operations to cool bond market

Source:Xinhua Published: 2013-5-15 16:09:54

The Bank of Japan on Wednesday said that it will supply 2.8 trillion yen of funds in money market operations to cool the recent sharp rise in the benchmark government bond yield, local media reported.

Of the total, 2 trillion yen will be inject into one-year operations and 800 billion yen into one-month operations, according to Kyodo News Agency.

The central bank made a similar move in April to stabilize the bond market, said the report.


Posted in: Economy

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