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MNI POLICY: BOJ Offers JGB "Gensaki" Op; 1st Since March 3

MNI (London)
     TOKYO (MNI) - The Bank of Japan Friday offered to buy JPY500 billion of
Japanese government bonds via a repurchase agreement from March 16 to March 30.
     The operation, the first since March 3, is aimed at rolling over a part of
JPY650 billion that matures on March 16.
     Back then, the BOJ offered to buy JPY500 billon of JGBs under repurchase
agreement from March 4 to March 16 and the bank bought JPY150 billion, known as
"undersubscription."
     On March 2, the BOJ offered to buy JPY500 billion of JGBs under repurchase
agreement from March 3 to March 16, with the tender coming immediately after the
BOJ released a statement by BOJ Governor Haruhiko Kuroda.
     The "Gensaki" JGB operation on March 2 was the first since March 2016.
     "The BOJ will closely monitor future developments, and will strive to
provide ample liquidity and ensure stability in financial markets through
appropriate market operations and asset purchases," Kuroda said back in March.
     The BOJ board is expected to decide on additional easy policy at its
two-day policy-setting meeting ending on March 19.
--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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