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MNI POLICY: BOJ Offers To Buy JPY200Bn of JGBs Via Outright Op

MNI (London)
     TOKYO (MNI) - The Bank of Japan on Tuesday offered to buy JPY100 billion of
Japanese government bonds -- JPY 100 billion each with a remaining life of
3-to-5 years and 5-to-10 years.
     The BOJ had announced Monday that the bank will conduct those operations
that are aimed at injecting liquidity into financial markets based on temporary
measures released by the BOJ on Friday.
     The bank said last Friday the BOJ will continue to conduct additional
outright purchases of JGBs as needed, taking account of market conditions.
     The BOJ also said that the bank will increase the number of issues of JGBs
offered in the Securities Lending Facility and offer sales of JGBs with
repurchase agreements as some banks are facing the shortage of collaterals.
--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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