The Bank of Japan (BOJ) has recently reintroduced spot (same-day) lending of Japanese government bonds (JGBs) in the afternoon, known as the “afternoon offer”. This operational move is intended to stabilize the bond market by providing immediate liquidity to financial
BOJ offers to lend government debt immediately: afternoon offer
BOJ offers to lend government debt on spot morning offer
The Bank of Japan (BOJ) has reintroduced spot lending operations for Japanese government bonds (JGBs), offering immediate lending of government debt through both morning and afternoon sessions. This includes a ¥800 billion funds-supplying operation via securities lending conducted across all BOJ offices. The move aims to ensure sufficient liquidity and stabilize the financial markets by providing immediate access to government debt. The afternoon spot lending, referred to as the "afternoon offer," was recently reinstated to further support market stability.