© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Trend Needle Points North

US TSYS

Bonds Near Highs, Yield Curves Flatter

EURJPY TECHS

Bearish Outlook

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

MNI POLICY: BOJ Leaves JGB Buying Frequency Unchanged in Nov

MNI (Beijing)
--BOJ Keeps Scale of All JGB Buying in November
     TOKYO (MNI) - The Bank of Japan said on Thursday it has decided to leave
the scale and frequency of its bond buying operations unchanged in November.
     While the decisions were expected by JGB players as bond yields are moving
stably, the central bank added it may increase the frequency as needed.
     It also said that the bank will conduct purchases 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.
     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 November:
     The zones (amounts to be purchased in ranges)
     --1 to 3 years (Y300-Y550 bln in Nov. vs. Y300-Y550 bln in Oct.)
     --3 to 5 years (Y200-Y450 bln in Nov. vs. Y200-Y450 bln in Oct.)
     --5 to 10 years (Y200-Y500 bln in Nov. vs. Y200-Y500 bln in Oct.)
     --10 to 25 years (Y50-Y200 bln in Nov. vs. Y50-Y200 bln in Oct.)
     --More than 25 years (zero-Y50 bln in Nov. vs. zero-Y50 bln in Oct.)
     The frequencies of operations in each zone in Nov. plans vs Oct. 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: 3 times (3 times)
     --More than 25 years: 3 times (3 times)
     The dates of operations
Nov. 1: 5 to 10 years.
     Nov. 5: 1 to 3 years, 3 to 5 years, 10 to 25 years, more than 25 years.
     Nov. 11: 1 to 3 years, 3 to 5 years, 5 to 10 years.
     Nov. 15: 10 to 25 years, more than 25 years.
     Nov. 19: 1 to 3 years, 3 to 5 years, 5 to 10 years.
     Nov. 25: 1 to 3 years, 3 to 5 years, 10 to 25 years, more than 25 years.
     Nov. 27: 10 to 25 years.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: MAJDS$,MMJBJ$,M$A$$$,M$J$$$]
Data StoriesImpactDataPolicyChinaAPACBank of Japan (BOJ) Market NewsJapanAustraliaNew ZealandBank of JapanRegionCentral Bank
To read the full story

    Why Subscribe to 
MarketNews.com
MNI is the leading provider
 of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.
Our credibility
 for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.