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MNI POLICY: BOJ Cuts Long-End JGB Buys To Curb Lower Yields

MNI (London)
     TOKYO (MNI) - The Bank of Japan on Thursday lowered the scale of its
purchases of JGBs in the 5 to 10 year sector to Y350 billion from Y380 billion
at the similar operation last Friday.
     The decision was expected by some bond players after BOJ Governor Haruhiko
Kuroda said it's desirable for the yield curve to steepen further.
     The 10-year bond yield rose to -0.240% from -0.245% seen before the
operation.
     The reduction of long-term bond buying was the first since Sep 20 when the
BOJ lowered the scale of those bond buying to Y380 billion from Y400 billion.
--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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