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Rinban & CPI Due As BoJ Chatter Does the Rounds

JGBS

Futures looked to U.S. Tsys for impetus during overnight trade, softening but finishing off of worst levels, -6 vs. the Tokyo close.

  • The latest RTRS sources piece noted that "the Bank of Japan may replace some numerical guidelines for its purchases of exchange-traded funds with a pledge to ramp up buying when markets become volatile, three sources familiar with its thinking said. The move would allow the BOJ to more flexibly slow purchases when markets are stable, while reassuring investors it will step in forcefully when shock events trigger turbulence, they said." Local wires carried similar reports.
  • 1-10 Year BoJ Rinban operations, national CPI data and the flash PMI readings headline locally on Friday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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