BOJ to extend purchase plan for cheapest-to-deliver JGBs
TOKYO, Nov 29 (Reuters) - The Bank of Japan said on
Tuesday it would continue to buy so-called cheapest-to-deliver
10-year bonds as part of the central bank's efforts to defend
its ultra-easy monetary policy.
The BOJ has been offering to buy unlimited amounts of
10-year bonds at a fixed rate to defend its 0.25% yield cap. In
June, the central bank included additional types of 10-year
Japanese government bonds to be targeted in the operation.
The BOJ also said it would continue to relax the terms of a
securities lending facility, through which the central bank
lends government bonds in short supply to financial
institutions, to address any liquidity strains in the market.
(Reporting by Junko Fujita; Editing by Ana Nicolaci da Costa)
Log In Required
Line of Credit Log In Required
