The President of the Central Bank of Japan reiterated the commitment to stabilize the market, implying intervention in the bond market.

On February 21st, the Governor of the Central Bank of Japan, Haruhiko Kuroda, hinted at preparing to intervene in the bond market to suppress the surge in yields, reaffirming the Central Bank's long-term commitment to supporting stable markets. When answering questions in the parliament on Friday, Governor Haruhiko Kuroda of the Central Bank of Japan stated, "Bond yields Fluctuate to some extent," and "in the special case of a significant rise in long-term yields, we will flexibly purchase government bonds to promote yield stability." Following Kuroda's remarks, Japanese government bond yields fell, and the yen weakened. Earlier on Friday, after consumer inflation accelerated in January, the yield on Japanese benchmark government bonds reached a 15-year high. Christopher Wong, a strategist at Oversea-Chinese Banking Corporation in Singapore, said, "The market has been looking for clues from Kuroda to understand the recent rise in Japanese government bond yields." "Kuroda's remarks serve as a reminder that the Central Bank of Japan is closely following the market, and if there is 'excessive Fluctuation' in the bond market, policymakers can intervene." The Central Bank of Japan has previously stated that it will purchase bonds if bond yields rise significantly.