BOJ offers to buy unlimited amount of JGBs at fixed rate of 0.25%

The Bank of Japan said Monday that it offered to buy an unlimited amount of 10-year Japanese government bonds at a fixed rate at 0.25%.

The announcement was made as the yield on benchmark 10-year JGBs approached the upper limit of the bank’s target range of 0.25%. The 10-year yield currently stands at 0.24%.