June 28, 2024 08:14 GMT
JGB Purchase Plan Unchanged for July, Meaningful Decision Due At Next MPM
BOJ
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The BoJ leaves its plans for both the quantity and frequency of its JGB purchases unchanged for July, matching wider expectations.
- No reaction in JGB futures, nor JPY FX trade.
- A reminder that there will be a decision on JGB purchases at the Bank's July meeting, which doesn't conclude until the 31st of this month.
- The BoJ is considering its options for bond purchases after that meeting, with widespread expectations for a meaningful reduction now noted.
- Recent source reports have pointed to surveys of market participants being conducted following the recent meeting between the Bank and market players.
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