Wednesday's money market op a response to sharp JGB yield rise-BOJ official
TOKYO May 15 (Reuters) - An operation to supply the Tokyo money market with funds on Wednesday was conducted in response to a sharp rise in longer-term Japanese government bond yields, a Bank of Japan official said on Wednesday.
The benchmark 10-year JGB yield has spiked to its highest level in over a year this week as a relentless fall in the yen and surge in domestic share prices buffeted the debt market.
Through Wednesday's market operation the BOJ will supply 2.8 trillion yen ($27.44 billion) of funds to the market.
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