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Thursday, October 20, 2022

Japan’s central bank on Thursday said it would hold emergency bond-buying operations

 https://www.reuters.com/markets/asia/bank-japan-conduct-emergency-bond-buying-yen-teeters-near-150-2022-10-20/

Japan’s central bank on Thursday said it would hold emergency bond-buying operations, offering to buy some $667 million in government debt, a move designed to put a floor under bond prices.

The announcement from the Bank of Japan came as the yen currency teetered at the break of 150 to the dollar, a level that would mark a 32-year-low and has been seen as psychologically important for market players

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