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MNI BRIEF: BOJ Lifts Q4 Bond Buying To Curb Higher Yields

MNI (TOKYO)

The Bank of Japan revealed on Friday a stronger stance to curb higher government bond yields by increasing the scale of purchases of long- and super long-end JGBs in the fourth quarter.

Purchases of JGBs with a remaining life of 5 to 10 years will be increased to JPY550 billion per operation from JPY500 billion.

Purchases of longer-end bonds with a remaining life of 10 to 25 years and more than 25-years will be increased to JPY250 billion and JPY100 billion from JPY125 billion and JPY50 billion, respectively.

The BOJ left the frequency of bond buying operations across the different range of tenors unchanged.

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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