Japan - Bank of Japan (BOJ)

[behappyalways]

BOJ faces further test to its yield control as inflation creeps up
https://www.channelnewsasia.com/busines ... ps-3200841

[behappyalways]

Interesting to watch next week

BOJ buys ¥4.6t JGBs single day record UNTIL..
Fri (today): BOJ sets NEW single day record w/ ¥5t of JGBs bought
So, 1 month worth ↑’d JGB buying EXCEEDED in 2 straight record setting days
https://mobile.twitter.com/acrossthespr ... 5025035268

On Thurs alone BOJ bought ¥4.6t in JGBs- single day record ¥9t what BOJ had ↑’d it’s MONTHLY scheduled JGB buying to in Dec.
In other words..
BOJ bought ½ their 1-month-planned amount.. in 1 day
https://mobile.twitter.com/acrossthespr ... 4641567745

Yomiuri News today: BOJ to review neg side effects of its outsized JGB buying policies at next week’s Jan MPM, implying further tweaks to YCC after/despite Dec MPM shock
https://mobile.twitter.com/acrossthespr ... 6733686791

[behappyalways]

Interesting to watch next week

Thurs: BOJ buys ¥4.6t JGBs single day record UNTIL..
Fri (today): BOJ sets NEW single day record w/ ¥5t of JGBs bought
So, 1 month worth ↑’d JGB buying EXCEEDED in 2 straight record setting days
https://mobile.twitter.com/acrossthespr ... 5025035268

Just to put the scale of BOJ’s daily JGB buying/mkt fighting crisis into context:
On Thurs alone BOJ bought ¥4.6t in JGBs- single day record ¥9t what BOJ had ↑’d it’s MONTHLY scheduled JGB buying to in Dec
In other words.. BOJ bought ½ their 1-month-planned amount.. in 1 day
https://mobile.twitter.com/acrossthespr ... 4641567745

Yomiuri News today: BOJ to review neg side effects of its outsized JGB buying policies at next week’s Jan MPM, implying further tweaks to YCC after/despite Dec MPM shock
¥↑, ¥ implied vol↑
JGB 10Y yield >50bp cap
JGB futures↓ to 9yr low
https://mobile.twitter.com/acrossthespr ... 6733686791

[behappyalways]

BOJ Is Less Than A Year Away From Running Out Of Bonds To Buy
https://www.zerohedge.com/markets/boj-l ... -bonds-buy


Japanese yen weakens as Bank of Japan makes no changes to yield curve range
https://www.cnbc.com/2023/01/18/japanes ... range.html

[behappyalways]

Kuroda Calls It A Career With A Whimper: BOJ Keeps Policy, YCC Band Unchanged
https://www.zerohedge.com/markets/kurod ... -unchanged

[winston]

A US$3 tril threat to global financial markets looms in Japan

by Ruth Carson, Masaki Kondo & Michael Mackenzie

Offshore investments are worth more than two-thirds Japan’s economy.

Japanese investors are the biggest foreign holders of US government bonds and own everything from Brazilian debt to European power stations to bundles of risky loans stateside.

Japanese investors sold a record amount of overseas debt last year as local yields rose on speculation that the BOJ would normalise policy.

“You’ve already seen the start of that money being repatriated back to Japan”.

“It would be logical for them to bring the money home and not to take the foreign exchange risk”.

Source: Bloomberg

https://www.theedgemarkets.com/node/661402

[behappyalways]

The BOJ Is Collecting Tens Of Billions In Dividends From ETFs It Owns
https://www.zerohedge.com/markets/boj-c ... fs-it-owns

[behappyalways]

New BOJ chief's message to world: We're staying the course - for now
https://www.reuters.com/markets/asia/ne ... 023-04-16/

[behappyalways]

Bank of Japan sticks to negative rates while announcing policy review
https://www.cnbc.com/2023/04/28/bank-of ... eting.html

[behappyalways]

BOJ'S UEDA: THERE IS STILL SOME DISTANCE TO SUSTAINABLY ACHIEVE 2% INFLATION TARGET

BOJ'S UEDA: UNLESS OUR ASSUMPTION ON NEED TO SUSTAINABLY ACHIEVE 2% TARGET CHANGES, NARRATIVE ON MONETARY POLICY WON'T CHANGE
https://twitter.com/zerohedge/status/16 ... 1826540545