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The Bank of Japan on Monday received no bids from financial companies at its operation to buy recently issued 10-year Japanese government bonds at a fixed rate of 0.25%.
On Thursday, the BOJ said it plans to offer a fixed-rate operation Monday morning, after the yield on the 10-year JGB hit 0.23%. The 10-year government bond yield can fluctuate up to a quarter percentage point above or below the zero target, according to the central bank’s latest guidance.
The yield on the 10-year JGB is at 0.205% currently.
