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Market News Topics
April 27, 2018 08:11 GMT
MNI: BOJ Leaves Unchanged JGB Buying Frequency in May
--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 May unchanged from April,
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 May:
The zones (amounts to be purchased in ranges)
1 to 3 years (Y200-Y300 bln in May vs. Y200-Y300 bln in April)
3 to 5 years (Y250-Y350 bln in May vs. Y250-Y350 bln in April)
5 to 10 years (Y300-Y500 bln in May vs. Y300-Y500 bln in April)
10 to 25 years (Y150-Y250 bln in May vs. Y150-250 bln in April)
More than 25 years (Y50-Y150 bln in May vs. Y50-Y150 bln in April)
The frequencies of operations in each zone in May (vs. plans and actuals in
April).
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
May 1: 5 to 10 years.
May 7: 1 to 3 years, 3 to 5 years, 10 to 25 years, more than 25 years.
May 9: 1 to 3 years, 3 to 5 years, 5 to 10 years.
May 11: 10 to 25 years, more than 25 years
May 14: 1 to 3 years, 3 to 5 years, 5 to 10 years.
May 16: 10 to 25 years, more than 25 years.
May 18: 1 to 3 years, 3 to 5 years, 5 to 10 years.
May 23: 1 to 3 years, 3 to 5 years, 10 to 25 years, more than 25 years.
May 25: 1 to 3 years, 3 to 5 years, 5 to 10 years.
May 30: 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.
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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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