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The Bank of Japan's decision to reduce the number of days it conducts government bond buying operations to five in June from six in May is aimed at improving flexibility by giving JGB market players more business days to trade based on the outlook for the economy and prices as well as developments in U.S. Treasury bond yields, MNI understands.

While the BOJ will adjust the number of operations per day in June, there will be no change to its total JGB purchases, the bank said in its Monday announcement. It will continue to buy JGBs with a remaining life of 1 to 3 years, 3 to 5 years and 5 to 10 years four times in June and longer-end JGBs once in the month.