On May 13, the Bank of Japan decreased its bond buying for the first time since December.
The Bank of Japan (BOJ) reduced its bond buying in a regular operation on May 13, aiming to decrease its presence in the Japanese debt market. This move could raise Japanese bond yields, narrowing the gap between Japan and US yields, and supporting the yen. The BOJ purchased ¥425 billion ($2.7 billion) of 5-to-10 year debt compared to ¥475.5 billion in the previous operation, marking the first reduction since late December.
May 13, 2024
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