Bank of Japan cuts JGBs buying today

The Bank of Japan (BoJ) slashed their purchases of the Japanese Government Bonds (JGBs) with a maturity of 25 - 40 year Japanese to JPY 60bn versus the JPY 70bn at the previous operation

Meanwhile, the Bank bought 180bn yen of JGBs with a maturity of 10-25 years against the 190bn yen at the previous operation.