The Bank of Japan (BOJ) has reduced its purchases of Japanese government bonds (JGBs) in its latest operation, marking a shift towards a more hawkish monetary stance. This decision led to an increase in the value of the yen. Specifically, the BOJ lowered the offer amount for bonds with 5-10 years left to maturity to 425 billion yen ($2.73 billion) from 475 billion yen in the previous operation conducted on April 24.
BOJ cuts purchases of Japanese government bonds in hawkish signal https://t.co/dH3Os1UN4A
“The central bank reduced the offer amount for bonds with 5-10 years left to maturity to 425 billion yen ($2.73 billion) from 475 billion yen at the previous operation on April 24” That’s a Hawk the size of an Ant… 🙈 https://t.co/pGi9MpqBsz
BoJ Cuts JGB Purchase Amount In Hawkish Signal To Market - MS https://t.co/zrQiw9AlFt
The Bank of Japan offered to purchase a smaller amount of government bonds in a regular operation as it seeks to reduce its presence in the country’s debt market https://t.co/EM2KIFl87r
BOJ REDUCES BOND BUYING IN LATEST OPERATION, CAUSING YEN TO INCREASE
BOJ TO PURCHASE FEWER BONDS IN LATEST OPERATION COMPARED TO PRIOR ONE