Bank of Japan Buys Record 3.5 Trillion Yen in Treasury Bills

The Bank of Japan purchased a record 3.5 trillion yen ($32 billion) in treasury bills today as the central bank pushes forward with unprecedented monetary easing to reach its 2 percent inflation target, reports "Bloomberg".

The amount exceeded the previous records of 3 trillion yen on Aug. 22 and Aug. 1. The BOJ also scooped up 530 billion yen in government bonds from the market today as part of its 7 trillion yen in monthly debt buying, which has drained the availability of sovereign bills and bonds for investors.

“That was a big treasury bill operation,” said Toshiaki Terada, a researcher at Totan Research Co., a money-market brokerage in Tokyo. “The banks were wanting to sell, so that’s probably why the BOJ increased its buying”.

Oct 3, 2014, 8:49 AM
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Tougher U.S. Tax Rules Cited as Salix Ends Cosmo Deal

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ECB Leaves Rates Unchanged After September Cut

The bank today kept the deposit rate at -0.20 percent and the marginal lending rate was maintained at 0.30 percent.

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The future of Forex market in Russia

With favourable outcome by the end of 2014 we’ll get a whole new level of Forex market.