The Bank of Japan (BOJ) has announced the implementation of a government bond purchase operation with specific conditions. The operation, known as the “国債買現先オペ” (Kokusai Kainen Sakimae Ope), aims to manage the financial market and provide liquidity support. The BOJ’s Financial Markets Department will oversee the operation.
According to the announcement, the government bond purchase operation will take place on July 10, 2023, with two separate start dates and corresponding end dates. The details are as follows:
- Start Date: July 10, 2023 (same day start) End Date: July 11, 2023 Notification of offer conditions will be provided at the time of offering.
- Start Date: July 11, 2023 (next day start) End Date: July 12, 2023 Notification of offer conditions will be provided at the time of offering.
The BOJ aims to ensure a smooth functioning of the government bond market and maintain stability in financial markets through these operations. Market participants can seek further information or make inquiries regarding the government bond purchase operation by contacting the Market Operations Division of the BOJ’s Financial Markets Department at 03-3277-1234 or 03-3277-1284.
This move by the Bank of Japan demonstrates its proactive approach to managing the financial market and supporting the economy through targeted operations. The government bond purchase operation will provide necessary liquidity and contribute to the stability of the financial system.