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REPEEAT: MNI: BOJ Leaves Unchanged JGB Buying Frequency in Mar

--Also Leaves Unchanged Buying Plans for Each JGB Maturity Zone
     TOKYO (MNI) - The Bank of Japan said Wednesday it has decided to leave the
frequency of its Japanese government bond purchases in March unchanged from
February, indicating there is no need to guide any particular bond yields higher
or lower.
     The BOJ also left unchanged its purchase plans for each JGB maturity zone.
     Under its yield curve control policy framework, the BOJ is seeking to
stabilize the 10-year government bond yield, the benchmark for long-term
borrowing costs, "around zero percent" and keep the overnight interest rate at
-0.1%.
     The BOJ also said that it may announce additional JGB buying operations,
depending on market conditions.
     The BOJ refrains from conducting JGB buying operations on days when the
Ministry of Finance auctions JGBs and the BOJ board holds policy meetings.
     The planned JGB purchase operations in March:
     The zones (amounts to be purchased in ranges)
     1 to 3 years (Y200-Y300 bln in Mar vs. Y200-Y300 bln in Feb)
     3 to 5 years (Y250-Y350 bln in Mar vs. Y250-Y350 bln in Feb)
     5 to 10 years (Y300-Y500 bln in Mar vs. Y300-Y500 bln in Feb)
     10 to 25 years (Y150-Y250 bln in Mar vs. Y150-250 bln in Feb)
     More than 25 years (Y50-Y150 bln in Mar vs. Y50-Y150 bln in Feb)
     The frequencies of operations in each zone in March (vs. plans and actuals
in February).
     1 to 3 years: 6 times (6 times)
     3 to 5 years: 6 times (6 times)
     5 to 10 years: 6 times (6 times)
     10 to 25 years: 5 times (5 times)
     More than 25 years: 5 times (5 times)
     The dates of operations
     March 2: 1 to 3 years, 3 to 5 years, 5 to 10 years.
     March 7: 1 to 3 years, 3 to 5 years, 10 to 25 years, more than 25 years.
     March 12: 5 to 10 years, 10 to 25 years, more than 25 years.
     March 14: 1 to 3 years, 3 to 5 years, 5 to 10 years
     March 16: 10 to 25 years, more than 25 years.
     March 19: 1 to 3 years, 3 to 5 years, 5 to 10 years.
     March 22: 5 to 10 years, 10 to 25 years, more than 25 years.
     March 23: 1 to 3 years, 3 to 5 years.
     March 28: 10 to 25 years, more than 25 years.
     March 30: 1 to 3 years, 3 to 5 years, 5 to 10 years.
--MNI Tokyo Bureau; tel: +81 90-4670-5309; email: max.sato@marketnews.com

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