Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
--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
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: firstname.lastname@example.org
--MNI Beijing Bureau; +86 10 8532 5998; email: email@example.com