BOJ buys Y1.98 trln shares to May 10

The Bank of Japan said on Wednesday it had bought a cumulative 1.9799 trillion yen ($17.53 billion) of shares held by Japanese banks by May 10 under a programme aimed at reducing banks' exposure to stock market volatility.

The figure, shown on the central bank's financial statement released every 10 days, was up marginally from 1.9605 trillion yen as of April 30.

Under the programme, which began in late 2002, the BOJ plans to buy up to three trillion yen of shares from banks by September 30 th