Bank of Japan Alters JGB Purchase Limits Post Policy Overhaul
Tuesday, 19 March 2024, 19:01
BOJ Cuts Maximum Limit of JGB Purchase Amount
The Bank of Japan (BOJ) has decided to scale back the maximum limit of its purchases of Japanese government bonds, a significant change following the termination of its radical stimulus policies such as negative interest rates and yield curve control (YCC).
The BOJ has historically been an aggressive bond buyer to uphold its ultra-low rate policy, and in its latest monetary policy statement, it confirmed that it will continue its JGB purchases at a level consistent with previous amounts.
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