Free Trial

REPEAT: MNI: BOJ Cuts Frequency, Ups Range of 1-5 Yr JGB Ops

MNI (London)
Repeats Story Initially Transmitted at 08:24 GMT Oct 31/04:24 EST Oct 31
--BOJ Leaves Frequency of 5-10-Year Ops at Five In November
     THE  - TOKYO (MNI) - The Bank of Japan said Wednesday that it will reduce
the frequency of its purchases of Japanese government bonds with a remaining
life of 1 to 3 years and 3 to 5 years to four times for each bucket in November,
down from five in each through October.
     However, alongside reducing the frequency, the BOJ increased the size range
of those remaining bond buying operations.
     The decision is aimed at further improving the functioning in the JGB
market.
     The BOJ said it "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 November:
     The zones (amounts to be purchased in ranges)
     --1 to 3 years (Y250-Y450 bln in Nov. vs. Y200-Y400 bln in Oct.)
     --3 to 5 years (Y300-Y550 bln in Nov. vs. Y250-Y450 bln in Oct.)
     --5 to 10 years (Y300-Y600 bln in Nov. vs. Y300-Y600 bln in Oct.)
     --10 to 25 years (Y150-Y250 bln in Nov. vs. Y150-250 bln in Oct.)
     --More than 25 years (Y10-Y100 bln in Nov. vs. Y10-Y100 bln in Oct.)
     The frequencies of operations in each zone in November (plans vs October
actual).
     --1 to 3 years: 4 times (5 times)
     --3 to 5 years: 4 times (5 times)
     --5 to 10 years: 5 times (5 times)
     --10 to 25 years: 5 times (5 times)
     --More than 25 years: 5 times (5 times)
     The dates of operations
     Nov. 2: 1 to 3 years, 3 to 5 years, 5 to 10 years.
     Nov. 5: 10 to 25 years, more than 25 years.
     Nov. 9: 1 to 3 years, 3 to 5 years, 10 to 25 years, more than 25 years.
     Nov. 12: 5 to 10 years.
     Nov. 16: 5 to 10 years, 10 to 25 years, more than 25 years.
     Nov. 19: 1 to 3 years, 3 to 5 years.
     Nov. 26: 5 to 10 years, 10 to 25 years and more than 25 years.
     Nov. 28: 1 to 3 years, 3 to 5 years
     Nov. 30: 5 to 10 years, 10 to 25 years and 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
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });