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BOJ Adds Liquidity With $9.2 Billion Unscheduled Bond-Buy Offer
Thursday, 19 March 2020 10:04 WIB | FISCAL & MONETARY |BOJBank of Japan

The Bank of Japan offered to buy 1 trillion yen ($9.2 billion) of government bonds in another unscheduled operation, keeping up with its pledge to provide liquidity to markets.

The yield on 10-year benchmark bonds extended its decline and was down three basis points for the day at 0.04% after the central bank said it plans to buy debt across the curve with maturities up to 25 years. The yield climbed to its highest level since December 2018 on Wednesday.

œThe BOJ is strengthening its stance to provide ample liquidity to markets, said Mari Iwashita, chief market economist at Daiwa Securities Co. œJapanese markets are heading into a long weekend and the steps show the bank wants to ensure funds are available.

Source : Bloomberg

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