Bank of Japan Adjusts Bond Purchase Plan for July to September

On June 16, the Bank of Japan announced plans to purchase 355 billion yen of 1 to 3-year Japanese government bonds twice a month from July to September (previously three times a month for 255 billion yen). The plan includes purchasing 320 billion yen of 3 to 5-year Japanese government bonds twice a month (previously three times a month for 230 billion yen). Additionally, the bank will buy 335 billion yen of 5 to 10-year Japanese government bonds twice a month (previously three times a month for 240 billion yen). It also plans to purchase 100 billion yen of 10 to 25-year Japanese government bonds twice a month (previously three times a month for 80 billion yen). Lastly, the plan includes purchasing 75 billion yen of ultra-long-term (remaining maturity of over 25 years) Japanese government bonds twice a month (previously twice a month for 75 billion yen).