BOJ has cut purchases of JGBs maturing in 5-10 years

Omkar Godbole FXStreet Contributor

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.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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