Free Trial

MNI BRIEF: BOJ Ups Scale of Short, Mid-Term JGB Buys

MNI (Sydney)
TOKYO (MNI)

The Bank of Japan increased the scale of its purchases of short and medium-term Japanese government bonds on Thursday after the bank reduced the frequency of those operations to five times in November from six in October.

The scale of JGB buying with a remaining life of 1 to 3 years was increased to JPY500 billion from JPY420 billion in the previous operation on Oct. 30.

The scale of JGB buying with a remaining life of 3 to 5 years was also increased to JPY420 billion from JPY350 billion in the previous Oct 30 operation.

These increases in the scale of bond buying were expected by JGB players as the BOJ has reduced the frequency of operations.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
True
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@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.