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*** The latest round of BOJ Rinban operations...>

BOJ: *** The latest round of BOJ Rinban operations covering the 5-10 Year bucket
will take place in 5 minutes time.
- This is the first operation covering this particular bucket this month.
- As a reminder the BOJ trimmed the number of Rinban operations covering 1-10
Year maturities to 5 in September (prev. 6), but the BOJ lifted the upper limit
of each of the relevant buckets in the 1-10 Year zone by Y100bn.
- Many pointed to calendar issues i.e. fewer eligible days for purchases during
this month, as the reason behind the tweak, as opposed to any tapering plans,
which rang true in the 1-5 Year operations conducted earlier this week, as the
BOJ lifted the size of the ops in both the 1-3 & 3-5 Year buckets by Y50bn a
piece (it is worth noting if the purchases in those particular buckets continue
at this rate then the BOJ will purchase a slightly lower amount of JGBs this
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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