Bank of Japan: “Emergency Bond-Buying Operations”
October 19th, 2022Via: Reuters:
Japan’s central bank on Thursday said it would hold emergency bond-buying operations, offering to buy some $667 million in government debt, a move designed to put a floor under bond prices.
The announcement from the Bank of Japan came as the yen currency teetered at the break of 150 to the dollar, a level that would mark a 32-year-low and has been seen as psychologically important for market players.
