BoJ boosts bond purchases in 3-5 year window

The Bank of Japan (BoJ) is offering to buy JPY 330 billion in the 3 to 5 year window compared to the previous purchases of JPY 300 billion. The move is in line with estimates and is aimed at keeping a lid on the rise in the 5-year bond yield. That would also cap upside in the 10-year bond yield.