The Bank had been conducting market operations, including purchases of Japanese government bonds (JGBs), in accordance with the guideline for market operations and the guideline for conduct of yield curve control, both of which were decided at the previous meeting on October 30 and 31, 2023.7 As for the Bank's conduct of nimble market operations, specifically, it had carried out unscheduled purchases of JGBs and reduced the amount of its scheduled JGB purchases, mainly taking into account interest rate developments and supply and demand conditions in the JGB markets. With these market operations, long-term interest ... (full story)