Friday's BOJ Bond Buying Tops Traders' Must-Watch List

The video discusses recent developments in the Japanese government bond market, focusing on the Bank of Japan's (BOJ) decision to adjust its yield curve control policy. The BOJ expanded the yield range, leading to market speculation and unexpected bond buying operations. Deputy Governor Amemiya emphasized the BOJ's commitment to maintaining its policies, highlighting the strategic importance of their actions in stabilizing the market.

What significant change did the Bank of Japan make to its yield curve control policy?

• Introduced a new currency policy

• Reduced the bond purchase amount

• Doubled the range of yield curve control

• Increased the interest rates

Why was the BOJ's bond buying operation considered unexpected?

• It was announced publicly beforehand

• It involved a new type of bond

• It occurred on a day when the government was selling bonds

• It was scheduled in advance

What was the market's reaction to the BOJ's unscheduled operation?

• Decrease in bond yields

• Increased demand for JGBs

• Heightened focus on future BOJ actions

• Stability in the bond market

What role does Deputy Governor Amemiya play in the BOJ's policy changes?

• He is credited with developing the yield curve control concept

• He opposes the yield curve control

• He suggested increasing interest rates

• He is a new member of the BOJ board

What assurance did the BOJ provide regarding its easing policies?

• They will be replaced by new policies

• They will be discontinued soon

• They will be reduced gradually

• They will remain in place for an extended period