Bank of Japan’s 2022 government bond purchases hit six-year high

On January 5, Nikkei Chinese website news, the Bank of Japan released data on the 4th that the purchase of long-term government bonds in December 2022 reached 16.1809 trillion yen.

The annual purchase amount reached 111.0607 trillion yen, the highest level since 2016 (119.2416 trillion yen) when long-term and short-term interest rate operations (Yield Curve Control YCC) were introduced.

Due to expectations of interest rate hikes in the United States and Europe and the Bank of Japan’s policy adjustments, government bonds were sold, and the Bank of Japan increased its purchases of government bonds aimed at curbing interest rate rises.