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JGB Purchase Plan Unchanged for July, Meaningful Decision Due At Next MPM

BOJ

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.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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