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28 Jan 2015
BoJ to create "Bond Market Group"
FXStreet (Mumbai) - The Bank of Japan (BoJ) announced on Wednesday it would arrange more frequent meetings with market participants, including the bond traders, in an effort to ease concerns stemming from its ultra massive debt-purchasing program, known as Quantitative and Qualitative Easing (QQE).
The bank specified it would hold a new set of meetings with bond market participants twice a year, adding it would invite primary dealers in small groups so they can talk about the bond market in greater debt.
The first meeting is scheduled for February 25, when it will invite officials from banks that participate in money market operations, the statement specified.
The BoJ is committed to buying government debt at an annual pace of around JPY80 trillion (USD679.4 billion) as part of its strategy to raise inflation to 2%.
The bank specified it would hold a new set of meetings with bond market participants twice a year, adding it would invite primary dealers in small groups so they can talk about the bond market in greater debt.
The first meeting is scheduled for February 25, when it will invite officials from banks that participate in money market operations, the statement specified.
The BoJ is committed to buying government debt at an annual pace of around JPY80 trillion (USD679.4 billion) as part of its strategy to raise inflation to 2%.