At 5pm today (Tokyo time, 0800GMT) we should get the Bank of Japan's bond-purchase plan for next month.
- The Bank started doing this from February 28, when it published the detailed schedules of planned asset purchases for March.
- This is part of efforts to show commitment to its 0% cap on 10-year JGBs
It'll set out a minimum and a maximum of government bonds it'll purchases in May
- It'll give a series of dates & estimated sizes for its planned bond auctions at different maturities
- Will also give itself an out by saying something like "may increase the frequency as needed"
At the end of March the Bank said it would be reducing the amount it bought in the 1 - 3 year window during April, a promise it has followed up on.
