March 13, 2020 / 6:16 AM / a month ago

BOJ official says bond market liquidity 'falling sharply'

TOKYO, March 13 (Reuters) - The Bank of Japan’s (BOJ’s) unscheduled bond-buying operation on Friday was taken keeping in mind the fact that liquidity in the government bond (JGB) market has been falling sharply recently, a central bank official told Reuters.

“We will continue to make utmost efforts to stabilise markets with a close eye on market developments,” the official said.

Earlier, the BOJ said it would buy 200 billion yen ($1.90 billion) of JGBs with five to ten years to maturity in an unscheduled move as the local debt market capitulated to investors’ rush for liquidity.

$1 = 105.4000 yen Reporting by Takahiko Wada, writing by Leika Kihara; Editing by Himani Sarkar

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