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     TOKYO (MNI) - The Bank of Japan Wednesday lowered the size of its purchase
of Japanese government bonds with a remaining life of 5 to 10 years per
operation to Y440 billion from Y470 billion.
     The cut in JGB buying, the first since July 24, is aimed at preventing the
10-year bond yield from falling further amid continued tight supply-demand
     The 10-year bond yield fell to 0.045% Tuesday, the lowest level since June
     After the operation Wednesday, 10-year bonds traded at 0.050%, although
there was no trading of these bonds prior to the BOJ operation.
     The BOJ has been seeking a chance to lower the scale of its buying of JGBs
with a remaining life of 5 to 10 years after increasing the size to Y500 billion
from Y450 billion on July 7. On July 24, the size of buying of these bond was
reduced to Y470 billion from Y500 billion.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email:
--MNI BEIJING Bureau; +1 202-371-2121; email:
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