MNI: BOJ Frequency of All JGB Buying Unchanged in August

--Focused On Markets Reaction To Fed Policy Decisions

     TOKYO (MNI) - The Bank of Japan said Wednesday it will leave the frequency

and a range of its JGB purchases unchanged in August. Officials in charge of

daily open market operations see no need to change the frequency and the size of

purchases and didn't want to give unnecessary noise to markets before policy

decisions by the U.S. Federal Reserve, due out late today.

     The schedule still sees it refrain from conducting JGB buying operations on

days when the Ministry of Finance holds auctions or the B OJholds policy

meetings.

     --CALENDAR

     The planned JGB purchase operations in August:

     The zones (amounts to be purchased in ranges)

     --1 to 3 years (Y250-Y500 bln in Aug. vs. Y250-Y500 bln in July)

     --3 to 5 years (Y250-Y500 bln in Aug. vs. Y250-Y500 bln in July)

     --5 to 10 years (Y300-Y650 bln in Aug. vs. Y300-Y650 bln in July)

     --10 to 25 years (Y100-Y250 bln in Aug. vs. Y100-Y250 bln in July)

     --More than 25 years (Y10-Y100 bln in Aug. vs. Y10-Y100 bln in July)

     The frequencies of operations in each zone in August plans vs July actual.

     --1 to 3 years: 4 times (4 times)

     --3 to 5 years: 4 times (4 times)

     --5 to 10 years: 4 times (4 times)

     --10 to 25 years: 3 times (3 times)

     --More than 25 years: 3 times (3 times)

     The dates of operations

     Aug. 2: 10 to 25 years, more than 25 years.

     Aug. 5: 5 to 10 years.

     Aug. 9: 1 to 3 years, 3 to 5 years, 10 to 25 year, more than 25 years.

     Aug. 16: 5 to 10 years.

     Aug. 19: 1 to 3 years, 3 to 5 years.

     Aug. 23: 1 to 3 years, 3 to 5 years, 5 to 10 years.

     Aug. 26: 10 to 25 years, more than 25 years.

     Aug. 30: 1 to 3 years, 3 to 5 years, 5 to 10 years.

--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

[TOPICS: MMJBJ$,M$A$$$,M$J$$$,M$$FI$,MN$FI$]