A Bank of Japan statement, announces it'll provide loans against collateral to banks
- BOJ will extend five-year loans against collateral to financial institutions, in a effort to contain elevated yields
- The BOJ will conduct the funds-supply operation next Tuesday
JGB yields have been steadily rising, a threat to the Bank's YCC policy.
![Bank of Japan Governor Ueda 03 October 2023](https://images.forexlive.com/images/Bank%20of%20Japan%20Governor%20Ueda%2003%20October%202023_id_ea6f0124-0147-492a-8669-e613dbf754c7_original.jpg)
Bank of Japan Governor Ueda