BoJ conducts unscheduled bond buying; pledges 'ample liquidity'

The Bank of Japan said on Friday that it will implement measures to provide "ample liquidity" given "recent unstable movements in global financial and capital markets", using market operations with long maturities.

The announcement came as the Bank said it had conducted an unscheduled bond buying - its first since August 2018 - offering to buy 200 billion yen worth of bonds with five to ten years to maturity.

The BoJ said it will continue to conduct additional outright purchases of JGBs as needed, taking account of market conditions.

On Thursday, the US Federal Reserve pledged to inject $1.5 trillion into the financial system to prop up falling markets.