Free Trial

MNI BRIEF: BOJ Ready To Conduct Consecutive Days Of JGB Buying

TOKYO (MNI)

The Bank of Japan stands ready to conduct fixed-rate bond buying operations for consecutive days, depending on developments of bond yields overseas, MNI understands.

The BOJ on Monday for the first time since Feb. 14 conducted unlimited fixed-rate bond buying operations to prevent the 10-year JGB yield from rising above 0.25% as the rise in 10-year bond yield was modest, not rapid and powerful. The BOJ introduced the consecutive bond-buying operations in March 2021, see: MNI BRIEF: BOJ Aims To Trade 10-Year Yield Around 0%-Official.

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.