The increase in the volume of the Bank of Japan’s bond auctions merely offsets a reduction in their frequency and won’t alter the overall pace of purchases much. The bigger point is that those auctions don’t tell us anything about the outlook for monetary policy.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services