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Market News Topics
March 30, 2018 08:15 GMT
MNI: BOJ Leaves Unchanged JGB Buying Frequency in April
--Also Leaves Unchanged Buying Plans for Each JGB Maturity Zone
TOKYO (MNI) - The Bank of Japan said Friday it has decided to leave the
frequency of its Japanese government bond purchases in April unchanged from
March, indicating there is no need to guide any particular bond yields higher or
lower.
The BOJ also left unchanged its purchase plans for each JGB maturity zone.
Under its yield curve control policy framework, the BOJ is seeking to
stabilize the 10-year government bond yield, the benchmark for long-term
borrowing costs, "around zero percent" and keep the overnight interest rate at
-0.1%.
The BOJ also said that it may announce additional JGB buying operations,
depending on market conditions.
The BOJ refrains from conducting JGB buying operations on days when the
Ministry of Finance auctions JGBs and the BOJ board holds policy meetings.
The planned JGB purchase operations in April:
The zones (amounts to be purchased in ranges)
1 to 3 years (Y200-Y300 bln in April vs. Y200-Y300 bln in March)
3 to 5 years (Y250-Y350 bln in April vs. Y250-Y350 bln in March)
5 to 10 years (Y300-Y500 bln in April vs. Y300-Y500 bln in March)
10 to 25 years (Y150-Y250 bln in April vs. Y150-250 bln in March)
More than 25 years (Y50-Y150 bln in April vs. Y50-Y150 bln in March)
The frequencies of operations in each zone in April (vs. plans and actuals
in March).
1 to 3 years: 6 times (6 times)
3 to 5 years: 6 times (6 times)
5 to 10 years: 6 times (6 times)
10 to 25 years: 5 times (5 times)
More than 25 years: 5 times (5 times)
The dates of operations
April 2: 10 to 25 years, more than 25 years.
April 4: 1 to 3 years, 3 to 5 years, 5 to 10 years.
April 6: 1 to 3 years, 3 to 5 years.
April 9: 5 to 10 years, 10 to 25 years, more than 25 years
April 11: 1 to 3 years, 3 to 5 years, 5 to 10 years.
April 13: 1 to 3 years, 3 to 5 years, 10 to 25 years, more than 25 years.
April 18: 1 to 3 years, 3 to 5 years, 5 to 10 years.
April 20: 5 to 10 years, 10 to 25 years, more than 25 years.
April 23: 1 to 3 years, 3 to 5 years.
April 25: 5 to 10 years, 10 to 25 years, more than 25 years.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI Tokyo Bureau; tel: +81 90-4670-5309; email: max.sato@marketnews.com
[TOPICS: MMJBJ$,M$A$$$,M$J$$$,M$$FI$,MN$FI$]
To read the full story
Close
Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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