Breaking News: BOJ boosts purchases of bonds maturing in 1-3 years and 3-5 years

FXStreet Team FXStreet

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.

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