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MNI BRIEF: BOJ To Lift Pace of Longer-End JGB Purchases in Nov

(MNI) Tokyo
(MNI) Tokyo

The Bank of Japan said on Friday that it would lift the frequency of its purchases of longer-end Japanese government bonds to three times in November from two times in October.

The decision reflects the BOJ concerns about near-term upward pressure on JGB yields from high bond yields overseas and is designed to curb a rise in domestic bond yields.

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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