MNI BRIEF: BOJ Kuroda: Fixed-Rate Ops To Ensure Mkt Stability

Bank of Japan Governor Haruhiko Kuroda said on Friday that the decision of conducting fixed-rate bond buying operations every day will ensure market stability.

“The BOJ decided at the MPM held at the end of April to offer to purchase 10-year JGBs at 0.25% every business day through fixed-rate purchase operations, unless it was highly likely that no bids would be submitted,” he told business leaders, See: MNI BRIEF: BOJ Clarifies On Fixed-Rate JGB Buying Operations

“While some market participants have attempted to predict the future course of the Bank's policy stance based on whether or not fixed-rate purchase operations are conducted, the Bank considers that announcing in advance that it will conduct these operations essentially every business day will ensure market stability.”