BOJ reduces purchases of 5-10 yr JGBs

Omkar Godbole FXStreet Contributor

Bank of Japan (BOJ) has reduced the purchases of 5 to 10 year Japanese government bonds to JPY 470 billion from the previous figure of JPY 500 billion.

BOJ retained the yield curve control with QQE policy last week and reiterated commitment to meet the inflation target.

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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