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Market News Topics
April 26, 2019 08:30 GMT
MNI POLICY: BOJ Leaves JGB Buying Frequency Unchanged In May
MNI (London)
--BOJ Cuts Lower End of Super-Long Bond Buying Operation
TOKYO (MNI) - The Bank of Japan has left the frequency of its Japanese
government bond purchases in May unchanged from April, indicating no current
need to guide any particular bond yields higher or lower.
But the BOJ lowered the range for JGB purchases with a remaining life of 10
to 25 years to between Y100 billion to Y250 billion from a range of Y150 billion
to Y250 billion.
On April 19, the central bank lowered the scale of JGB purchases in the 10
to 25 bucket to Y160 billion from Y180 billion, close to the lower end of the
previous range.
The BOJ left purchase plans for other JGB maturity zones unchanged,
although adding they "may increase the frequency as needed" and "will conduct
purchases in a flexible manner, taking account of market conditions."
--CALENDAR
The planned JGB purchase operations in May:
The zones (amounts to be purchased in ranges)
--1 to 3 years (Y250-Y450 bln in May vs. Y250-Y450 bln in Apr.)
--3 to 5 years (Y300-Y550 bln in May vs. Y300-Y550 bln in Apr.)
--5 to 10 years (Y300-Y650 bln in May vs. Y300-Y650 bln in Apr.)
--10 to 25 years (Y100-Y250 bln in May vs. Y150-250 bln in Apr.)
--More than 25 years (Y10-Y100 bln in May vs. Y10-Y100 bln in Apr.)
The frequencies of operations in each zone in May plans vs April actual.
--1 to 3 years: 4 times (4 times)
--3 to 5 years: 4 times (4 times)
--5 to 10 years: 4 times (4 times)
--10 to 25 years: 4 times (4 times)
--More than 25 years: 4 times (4 times)
The dates of operations
May 7: 1 to 3 years, 3 to 5 years, 10 to 25 years, more than 25 years.
May 9: 5 to 10 years.
May 13: 1 to 3 years, 3 to 5 years.
May 15: 5 to 10 years.
May 17: 10 to 25 years, more than 25 years.
May 21: 1 to 3 years, 3 to 5 years, 5 to 10 years.
May 27: 1 to 3 years, 3 to 5 years, 10 to 25 years, more than 25 years.
May 31: 5 to 10 years, 10 to 25 years, more than 25 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
Les Commons
Hiroshi Inoue
Hiroshi covers the Bank of Japan and the Japanese economy for MNI from Tokyo.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
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.
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