Bank of Japan (BOJ) has trimmed its purchases of the Japanese government bonds (JGBs) maturing in 5 to 10 years for the first time since June, possibly to alleviate the recent downside pressure on the yields.
The central bank has reportedly offered to buy JPY 430 billion worth of JGBs maturing in 5 to 10 years – down JPY 20 billion from the previous JPY 450 billion worth of purchases.
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