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(MNI) London

The Bank of Japan said Monday the frequency and scale of its JGB purchases in June would be unchanged on the previous month as conditions had already been created for yields to move flexibly.

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 June and the frequency of JGB buying operations with longer-end was also left at one time.

The BOJ sees continued narrow movements of JGB yields as largely caused by stable U.S. Treasury markets and not a direct result of policy.

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

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