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MNI BRIEF: Frequency, Scale BOJ Dec JGB Buying Ops Unchanged

(MNI) LONDON
TOKYO (MNI)

The Bank of Japan said Friday it would keep the frequency and scale of JGB buying operations in December unchanged from November.

Purchases will be conducted in a flexible manner, taking account of market conditions, aiming to achieve the target level of a long-term interest rate specified by the guideline for market operations. Depending on conditions, purchase size per auction could be set at a fixed amount or to an unlimited amount, the BOJ added.

The BOJ's schedule sees it refrain from conducting JGB buying operations on days when the Ministry of Finance holds auctions for JGBs or the BOJ board holds policy meetings.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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