BoJ to decrease 10-year bond purchases amid long-term targets

Source: Bloomberg
© Scanpix/Reuters
The Bank of Japan is planning to cut the 10-year government bond purchases, explaining its actions with the necessity to reach the 6-8 year long-term target of the whole volume of purchases. As expected, the BoJ may start to buy 6-8 trillion yen per month, down from 7+ trillion yen before. It will decrease the purchases from 200-300 billion yen to 150-350 billion yen per auction.
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