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MNI: BOJ Ups Scale of Longer-End JGB Buy To Y200Bn From Y160Bn

MNI (London)
     TOKYO (MNI) - The Bank of Japan Friday increased the scale of its purchases
of Japanese government bonds with a remaining life of 10 to 25 years to Y200
billion from Y160 billion.
     The increase followed the BOJ's decision of reducing the frequency of its
purchases of super long-term bonds to three times from four times monthly.
     The scale of Y200 billion is the middle of a permissible range of Y100
billion to Y300 billion. The scale of its purchases of JGBs with a remaining
life of more than 25 years was left at Y40 billion.
     The BOJ also left the scale of its purchases of JGBs with a remaining life
of 5 to 10 years at Y480 billion.
     The next focus is how and when the BOJ reduces the frequency of its
purchases of medium-term bond buying to three times monthly from four.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MMJBJ$,M$A$$$,M$J$$$,M$$FI$,MN$FI$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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