The Bank of Japan conducted its first government bond buying operation on Monday since announcing new easing steps last week, announcing purchases that involves a large increase in purchases of debt with longer maturities.
The BOJ said on Monday it will buy one trillion yen ($10.3 billion) of Japanese government bonds with maturities of between five years and 10 years, and 200 billion of bonds with maturities exceeding 10 years.
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The central bank unleashed the world's most intense burst of monetary stimulus on Thursday, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows.
Under this scheme the BOJ will buy 7.5 trillion yen of long-term government bonds per month, roughly 70 percent of bonds sold in markets and twice the amount it had been purchasing previously.
($1 = 97.17 Japanese yen)
(Reporting by Kaori Kaneko; Editing by Shinichi Saoshiro)