BoJ’s bond purchases impact credit spreads – paper

bank-of-japan
The Bank of Japan

The Bank of Japan’s bond purchase programme has had a significant impact on the credit spreads of corporate bonds, a BoJ working paper finds.

Like the European Central Bank and the Bank of England, the BoJ has purchased both corporate and government bonds as a monetary policy tool. While the BoJ buys government bonds across different maturities, it only purchases corporate bonds with a high credit rating and short-term maturities, from one to three years.

Kenji Suganuma and Yoichi Ueno

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: