April 28, 2022 03:41 GMT
MNI BRIEF: BOJ Clarifies On Fixed-Rate JGB Buying Operations
TOKYO (MNI)
PolicyAPACBank of Japan (BOJ) Market NewsJapanBank of JapanBriefMarketsStoryPolicy StoryRegionCentral Bank
The Bank of Japan board on Thursday has clarified the guidelines for the unlimited purchase of Japanese Government Bonds (JGBs) at a fixed-rate to maintain the stability of financial markets.
“In order to implement the guideline for market operations, the BOJ will offer to purchase 10-year JGB at 0.25% every business day through fixed-rate purchase operations, unless it is highly unlikely that no bids will be submitted,” the BOJ said.
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