Free Trial

MNI BRIEF: BOJ Ups JGB Buying To JPY800 Bln From JPY500 Bln

(MNI) Tokyo

The Bank of Japan on Tuesday increased the scale of its purchase of Japanese government bonds with a remaining life of 5 to 10 years to JPY800 billion from JPY500 billion at the previous similar operation.

The increase is designed to curb higher bond yields as the 10-year JGB yield rose to 0.255% on Monday, above the upper end of a range of -0.25% to +0.25% that the BOJ tolerates. The BOJ on Monday in advance announced to conduct the bond buying operation on Tuesday )See: MNI INTERVIEW: Ex-BOJ Economist Defends Easy Policy, Yield Cap).

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

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.