Central bank bond purchases · Japan
Japan BoJ JGB Purchases
The Japan BoJ JGB Purchases is an operation in which the Bank of Japan buys government bonds or bills in the market.
- Importance
- Low
- Currency
- JPY · Japanese yen
- Central bank
- The Bank of Japan
Latest figures
No results of this release are shown yet. They appear here as soon as they are published.
Why it matters
Bond purchases add money to the banking system and hold down yields; their size and timing show how the central bank manages its balance sheet (quantitative easing or tightening) and the smooth running of the bond market. Unexpected changes in the amounts can move yields and the Japanese yen.
How it is calculated
The central bank announces the maturity range and amount, collects offers from dealers and buys at the most favourable prices; results show the amount offered and accepted.
What changes mean
- Bigger purchases than planned push yields down; smaller ones can push them up.
- A high offer-to-cover ratio means dealers are keen to sell, a sign of weak private demand.
A short history
Large-scale purchases (quantitative easing) became a standard tool after 2008, following the Bank of Japan's experiments in 2001–2006.
Questions
What is the Japan BoJ JGB Purchases?
The Japan BoJ JGB Purchases is an operation in which the Bank of Japan buys government bonds or bills in the market.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.