BOJ's increase in JGB buying adhering to policy of keeping 10-year yields near 0% - report

Bloomberg and Reuters citing an unnamed senior official in the BOJ's financial markets department

This follows earlier news that they announced that they will be purchasing an unlimited amount of 10-year JGBs at 0.11% - similar to what they did in July last year.

Further comments:

• Today's actions enable the BOJ to firmly adhere to its current policy
• BOJ took steps after 'large increase' in JGB yields

JGB 10-year yields spiked above 0.1% earlier, and it's a level that the BOJ isn't really comfortable with as mentioned here earlier in the week.

After the BOJ's move earlier, yields have now fallen back down to 0.091%.