The Bank Of Japan Keeps The Scale Of Its Last Purchase Of Japanese Government Bonds Unchanged

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On Thursday, the Bank of Japan (BoJ) announced that the scale of Japanese government bond (JGB) purchases was unchanged from the previous time.

Main details

Bank of Japan proposes purchases

375 billion yen 1-3 years.

425 billion yen 3-5 years

425 billion yen 5-10 years.

The BOJ trimmed its purchases of 5- to 10-year bonds in a scheduled operation more than a month ago.

Market Reaction

USD/JPY tested the 157.00 level before pulling back to 156.75 and is currently flat on the day.