Breaking News: BOJ boosts purchases of bonds maturing in 1-3 years and 3-5 years
|The Bank of Japan (BOJ) has increased purchases of the Japanese government bonds (JGBs) maturing in 1 years to 5 years.
The central bank has offered to buy JPY 350 billion worth of bonds maturing in 3-5 years, following a JPY 300 billion worth of purchases in the previous operation.
Further, it has offered to buy JPY 300 billion worth of bonds maturing in 1-3. years, up from the JPY 250 billion worth of purchases executed in the previous operation.
However, this does not amount to a policy change, especially because the central bank has scheduled fewer purchases in September. It is being reported that the central bank's purchases of bonds maturing in 1-5 years will drop to JPY 3.25 trillion in September from the August print of JPY 3.3 trillion.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.