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MNI BRIEF: BOJ Offers Unlimited JGB Buys from Apr 21 to Apr 26

(MNI) Tokyo

The Bank of Japan will conduct unlimited purchases of 10-year Japanese government bonds at a yield of 0.25% from April 21 to April 26, the central bank said Wednesday, as it aims to prevent the yield from rising above 0.25%, the upper limit of the BOJ preferred range either side of its 0% policy target.

"With regard to the outright purchases of JGBs (competitive auction method), the Bank may increase the amounts of purchases on April 26 and make additions to the schedule during the period indicated above as needed, taking account of market conditions,” the BOJ said.

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