The Bank of Japan has announced an unplanned bond purchase operation and has offered to buy JGBs worth JPY1.325 trillion:
3-5 years, JPY650 billion.
JPY675Bln 5-10 Year.
Meanwhile, the Japanese government raised its growth prediction for the next fiscal year on Thursday, citing greater business spending and significant wage increases that are expected to support consumption, according to Reuters.
“The improved predictions, which serve as the foundation for the government’s annual budget plan, which is due on Friday, highlight how Japan is poised to outperform the global economy thanks to healthy domestic demand boosted by the resumption of inbound tourism.”
