BOJ trims long duration JGB purchases by JPY 20 billion

The Bank of Japan (BOJ) has cut the amount of bond purchases at the long end of the Japanese government bnond yield curve. 

The central bank is set to buy JPY 160 billion worth of bonds maturing in 10 to 25 years today, down from the previous purchase of JPY 180 billion. Further, it will buy JPY 40 billion worth of bonds set to expirein 25-40 years – down from the previous JPY 50 billion. 

The reduction in bond purchases is the part of routine operations and does not qualify as QE taper.