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.
The Bank of Japan’s pre-emptive announcement that will conduct unlimited purchase of 10-year JGBs at a fixed-rate of 0.25% on Feb. 14, the upper end of the Board's target range, is aimed at “firmly” achieving the central bank's policy goals, an official at the BOJ Capital Markets Department said Thursday. The move is in line with recent MNI reporting, with former officials expecting no great switch in BOJ policy.
“The decision is aimed firmly achieving the policy stance for the 10-year interest rate to trade around zero percent based on the recent movements yield moves,” the official told MNI. The BOJ's purchase of 10-year bonds at a fixed-rate will be the first such operation since July 2018.
JGB yields rose again in Tokyo trade Thursday, with the 10-year at a near 7-year high of 0.231%.
Source: Bloomberg
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.