The Bank of Japan (BoJ) announced on Thursday that it left the Japanese government bonds (JGB) amounts unchanged compared to the previous operation.
The Bank of Japan announced on Thursday that it left the Japanese government bonds amounts unchanged compared to the previous operation. Key details The BoJ offers to buy: JPY375 billion 1-3 Year. JPY425 bn 3-5 Year. JPY425 bn 5-10 Year. Over a month ago, the BoJ trimmed the amount of 5-10 years it bought in a scheduled operation. Market reaction USD/JPY tested the 157.00 level before retracing to 156.75 following the above headlines, currently flat on the day.
The bank’s policy is based on Quantitative and Qualitative Easing , or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and then directly controlling the yield of its 10-year government bonds.
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