The Bank of Japan said it would boost scheduled bond purchases as the intensifying Treasuries selloff puts upward pressure on global yields and weakens the yen. The BOJ said it would buy 550 billion yen ($3.8 billion) of five-10 year bonds at its regular operations, up from 500 billion yen scheduled. The move comes as Japan’s benchmark 10-year yield hit 0.245%, approaching the 0.25% upper limit of the BOJ’s tolerated trading band. Japanese government bonds last came under pressure in June when only unprecedented BOJ buying kept benchmark yields below the 0.25% ceiling. BOJ Governor Haruhiko Kuroda has emphasized his ... (full story)