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MNI BRIEF: BOJ Switches To Quarterly JGB Ops Guide

--The BOJ Cuts Short-Term JGB buys to JPY450 Bln from JPY475 Bln

--The BOJ cuts Longer-End JGB buys to JPY150 Bln from JPY200 Bln

MNI INTERVIEW: BOJ Can Live With Modest Yen Fall; Ex-BOJ Aide
(MNI) London

The Bank of Japan is changing is guidance period for Japanese government bond buying operations to a quarterly basis from the current monthly basis, the bank said Tuesday. The BOJ said it would leave the frequency of JGB purchases unchanged in July from June's levels, as officials feel an environment for JGB yields to move flexibly is already in place.

Officials in the markets department have lowered the scale of short-term JGB buying to JPY450 billion from JPY475 billion, also lowering the scale of longer-end JGB buys to JPY150 billion from JPY200 billion. The frequency of JGB buying with a remaining life of 1 to 3 years, 3 to 5 years and 5 to 10 years was left at four times in July, with the frequency of JGB buying operations at longer-end left at one.

MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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