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MNI: BOJ Frequency of All JGB Buying Unchanged in August

MNI (London)
--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$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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