Taya says BOJ may delay bond purchase cut

Japan's central bank may hold off reducing its monthly bond purchases after it cuts the target for reserves available to lenders, according to Teizo Taya, a former policy maker.

``The central bank may handle a cut of its reserve target and a reduction of its bond purchases from lenders separately for a while,'' Taya said in an interview. ``The reduction of the bank's bond purchases may not happen'' immediately after the bank starts to reduce its reserve target.

It would be ``natural'' for the c