Bank of Japan Adds 8 Trillion Yen Through 1-Day Operations
The Bank of Japan added a total of 8 trillion yen ($98 billion) to the financial system in one-day operations today to help ease liquidity.
The central bank also said it will offer to buy 2 trillion yen in Japanese government bonds through repurchases from March 17 to the next day. Separately, the bank said it will supply 5 trillion yen to the system from March 17 to April 18 and another 5 trillion yen from March 16 to March 23.
“While financial institutions are relying on the BOJ’s operations, the latest injections don’t seem to be necessary because calm may be gradually returning,” Shinsuke Kanabu, a project and research director at Tokyo-based money market dealer and broker Central Tanshi Co.
The central bank unleashed a record 15 trillion yen in one- day operations yesterday.
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