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

(MNI) Tokyo
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

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