BOJ Buys Record Amount of Bonds to Defend Kuroda’s New Target
- This week’s purchases boosted December buying to ¥17 trillion
- ‘I don’t understand the BOJ’s intention,’ Tokai Tokyo says
WATCH: The BOJ may surprise again by tightening policy as soon as next month, says ,Sakakibara, formerly known as “Mr. Yen.” (Dec. 22)
Source: BloombergThis article is for subscribers only.
The Bank of Japan announced an unprecedented third day of unscheduled bond purchases as it fights back against speculation it is about to end its super-accommodative monetary policy.
The combination of additional fixed-rate and fixed-amount purchases announced Friday have boosted this month’s buying to about ¥17 trillion ($128 billion), a monthly record, according to data compiled by Bloomberg.