Reuters: US Dollar Report: BOJ says to increase monthly bond buying operation frequency

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BOJ says to increase monthly bond buying operation frequency Apr 18th 2013, 08:23 TOKYO, April 18 | Thu Apr 18, 2013 4:23am EDT TOKYO, April 18 (Reuters) - The Bank of Japan said on Thursday it will increase the frequency of its government bond purchases to eight times a month from six currently as part of its sweeping stimulus measures. It also said in a statement that it would keep the total amount of monthly purchases at its initially announced 7.5 trillion yen ($77 billion). The Japanese government bond market has been volatile since the central bank unveiled its massive easing on April 4. Market participants have said they wanted the BOJ to increase the frequency of bond purchase operations to help ease volatility.

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