Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
TOKYO (MNI) - The Bank of Japan Wednesday lowered the size of its purchase
of Japanese government bonds with a remaining life of 5 to 10 years per
operation to Y440 billion from Y470 billion.
The cut in JGB buying, the first since July 24, is aimed at preventing the
10-year bond yield from falling further amid continued tight supply-demand
The 10-year bond yield fell to 0.045% Tuesday, the lowest level since June
After the operation Wednesday, 10-year bonds traded at 0.050%, although
there was no trading of these bonds prior to the BOJ operation.
The BOJ has been seeking a chance to lower the scale of its buying of JGBs
with a remaining life of 5 to 10 years after increasing the size to Y500 billion
from Y450 billion on July 7. On July 24, the size of buying of these bond was
reduced to Y470 billion from Y500 billion.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: email@example.com
--MNI BEIJING Bureau; +1 202-371-2121; email: firstname.lastname@example.org