Chart of the week: Japan’s battle to hold down bond yields
The Bank of Japan has already bought vast amounts of Japanese government bonds over the past four years as part of its plan to lift Japan’s inflation rate to around 2%.
The Bank of Japan has pledged to maintain its "quantitative and qualitative easing" (QQE) policy, which involves buying enough Japanese government bonds (JGBs) to keep the ten-year JGB yield within a range of -0.1% to +0.1%. The bank has already bought vast amounts of JGBs over the past four years as part of its plan to lift Japan's inflation rate to around 2%.
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