JGB says markets need to be prepared for BOJ to buy fewer bonds


Investors should start preparing for a return to normal in Japanese bond trading as the central bank will one day back off from its debt purchases, according to a senior government official widely known as Mr JGB.

The Ministry of Finance has already started to consider a full review to ensure there is sufficient depth and liquidity in the market, as it is only a matter of time before activity is allowed. to normalize again, said Michio Saito, who heads the department that oversees debt. emission. Saito is known for helping to implement reforms when he worked in the Japanese government bond market in a succession of roles from the late 1990s to early 2010.

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