The Bank of Japan says it will buy longer-dated government bonds in an effort to pressure yields...

|By:, SA News Editor

The Bank of Japan says it will buy longer-dated government bonds in an effort to pressure yields and "beat deflation." Governor Haruhiko Kuroda said the BOJ, which currently buys three year government paper, will extend the maturity of the government bonds it buys to five years and will also consider "boosting purchases of riskier assets." Kuroda said he will "scrutinize what would be the most effective step, aiming to make full use of the BOJ's capacities."