BoJ cuts operational purchases of 3-5 year maturity JGBs

The Bank of Japan (BoJ) has quasi-tapered their purchases of 3-5 year maturity Japanese Government Bonds (JGBs) in their easing operations.

The amount of bonds purchased has been cut back from ¥330 billion to ¥300 billion, though traders should take not that the BoJ isn't dedicated to a reduction of easing measures, and could shift the numbers higher for whatever reason the central bank sees fit.

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