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MNI POLICY: BOJ Leaves JGB Buying Frequencies Unchanged in Jan

MNI (London)
     TOKYO (MNI) - The Bank of Japan said Thursday that it will leave the
frequency of its Japanese government bond purchases unchanged in January from
the December levels.
     The BOJ also left the the ranges of the JGB purchases unchanged. However,
the BOJ said it "may increase the frequency as needed" and "will conduct
purchases in a flexible manner, taking account of market conditions."
     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.
     --CALENDAR
     The planned JGB purchase operations in January:
     The volume ranges (amounts to be purchased in ranges)
     --1 to 3 years (Y250-Y450 bln in Jan. vs. Y250-Y450 bln in Dec.)
     --3 to 5 years (Y300-Y550 bln in Jan. vs. Y300-Y550 bln in Dec.)
     --5 to 10 years (Y300-Y600 bln in Jan. vs. Y300-Y600 bln in Dec.)
     --10 to 25 years (Y150-Y250 bln in Jan. vs. Y150-250 bln in Dec.)
     --More than 25 years (Y10-Y100 bln in Jan. vs. Y10-Y100 bln in Dec.)
     The frequency of operations in each zone in January plans vs December
actual.
     --1 to 3 years: 4 times (4 times)
     --3 to 5 years: 4 times (4 times)
     --5 to 10 years: 5 times (5 times)
     --10 to 25 years: 4 times (4 times)
     --More than 25 years: 4 times (4 times)
     The dates of operations
     Jan. 4: 5 to 10 years.
     Jan. 7: 1 to 3 years, 3 to 5 years, 10 to 25 years, more than 25 years.
     Jan. 9: 5 to 10 years.
     Jan. 15: 1 to 3 years, 3 to 5 years, 10 to 25 years, more than 25 years.
     Jan. 17: 5 to 10 years.
     Jan. 21: 1 to 3 years, 3 to 5 years, 10 to 25 years, more than 25 years.
     Jan. 25: 5 to 10 years.
     Jan. 28: 1 to 3 years, 3 to 5 years, 10 to 25 years, more than 25 years.
     Jan. 30: 5 to 10 years.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MMJBJ$,M$A$$$,M$J$$$,M$$FI$,MN$FI$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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