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MNI BRIEF: BOJ Reducing JGB Op Days Due To Teleworking

(MNI) Tokyo
TOKYO (MNI)

The Bank of Japan will tell bond market players that it is reducing the number of days for bond buying operations in June to cope with the longer spell of remote working although the move is also aimed at improving the flexibility of the JGB market, MNI understands.

The central bank will buy JGBs on five days in June, down from six in May, giving players an extra trading day to respond to market developments and easing the burden for financial institutions dealing with the virus-related state of emergency, which has been extended until June 20.

Bank officials periodically meet with JGB players to discuss market moves and the outlook. This week's meeting will take place on Thursday and Friday.

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

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