Free Trial

MNI BRIEF: BOJ Cuts Short-Term  JGB Buys To JPY450 Bln

(MNI) Tokyo
TOKYO (MNI)

The Bank of Japan on Tuesday lowered the scale of its purchases of short-term government bonds to JPY450 billion from JPY500 billion at the last similar operation on Dec. 21.

The cut was widely expected by bond players and JGBs were little influenced by the move.

The reduction was consistent with the bank's decision to lower the range of JGB purchases with a remaining life of one to three years to between JPY300 billion and JPY600 billion. The December range was JPY350 billion to JPY650 billion.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

To read the full story

Close

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.