The Bank of Japan will increase the volume of government bond purchases tomorrow amid rising yields. The central bank plans to buy securities with a maturity of 1-3 years for 625 billion yen ($4.65 billion) and three- to five-year bonds for a similar amount. Previously announced volumes amounted to 475 billion yen in both cases, MarketWatch reported.

In addition, the amount of bond purchases maturing in 5-10 years will be increased to 800 billion yen from 500 billion yen.

Also, the Bank of Japan plans to buy bonds with maturities of 10-25 years in the amount of 250 billion yen, with a longer period of circulation – by 150 billion yen.

The yield on ten-year government bonds is at 0.256% per annum on Tuesday. Meanwhile, Japan’s central bank has said at recent meetings that it will buy an unlimited number of bonds to keep yields near the target 0% and no higher than 0.25% per annum.