10 Feb 2017
BOJ increases purchases of long-dated JGBs
As part of today's BOJ bond purchasing operations, the Central Bank bought the following maturities:
- 1.5 trl yen s in T-bills
- 400 bln in JGBs maturing in 1y
- 420 bln yen maturing in 3-5y
- 200 bln yen maturing in 10-25y
- 120 bln yen in over 25y
- 200bln yen with remaining maturity of 10-25
- 120 bln yen with remaning maturity exceeding 25y
In summary, the BOJ keeps increasing its purchases of superlong JGBs, an action that should underpin Yen crosses.