【今日单词】
adamant /ˈadəm(ə)nt/
adjective
refusing to be persuaded or to change one's mind.
"he is adamant that he is not going to resign"
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【原文】来自：金融时报 / The Financial Times
LEO LEWIS — TOKYO
The Bank of Japan continued a run of unscheduled purchases of government bonds, in an attempt to control a surge in yields caused by speculators betting that it will pivot away from its ultra-loose monetary policy.
The BoJ bond buying yesterday marked the third day it has made unscheduled purchase offers, and increased December’s buying total to about ¥17tn ($128bn), according to data compiled by Bloomberg.
The intensifying efforts by the BoJ follow its surprise decision on December 20 to adjust longstanding yield curve control measures.
The BoJ has been the last of the leading central banks to stick to an ultra-loose regime.
That announcement, along with the perceived risk that the BoJ may be preparing for more tightening measures, has caused yields across the curve to rise.
On top of its scheduled daily bond-buying operations targeting the 10-year notes, the central bank’s operation yesterday extended the buying offer to bonds of between one and 25-year maturities to a total of ¥1tn.
While the market pounced on the December YCC decision as a signal that the BoJ was preparing a wind-down of the YCC regime, the central bank has been adamant that its actions were designed to improve market function and reinforce its easing policies.
But bond traders said that there was a clear contradiction between the BoJ’s stated intention of the JGB market, where it is a massive holder of assets, and the new flurry of buying that was sucking liquidity back out.
