Free Trial

MNI BRIEF: BOJ Opinions: Need Clarity On Fixed-Rate Bond Buys

TOKYO (MNI)

One Bank of Japan board member said that the central bank needs to better communicate how fixed-rate bond buying operations are conducted to bolster its policy stance, a summary of opinions from the April 27-28 meeting released on Thursday showed.

“The BOJ should maintain monetary easing in a straightforward manner until the price stability target, accompanied by a virtuous cycle in which both prices and wages rise, is achieved in a sustainable and stable manner," the BOJ board member said in views echoed by a second board member on communication aims. "In order to communicate such a policy stance without misunderstanding, it would be effective to clarify how the Bank conducts fixed-rate purchase operations.”

The BOJ at the meeting decided to offer unlimited purchases of JGBs at a fixed-rate every day, See: MNI STATE OF PLAY: BOJ Easy Policy To Shoulder Past Weaker Yen.

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.