The Bank of Japan has trimmed its long-dated government bond purchases. Although the unexpected action stoked speculation that the central bank could start to wind down its stimulus policy this year, analysts say the cutback likely does not signal a major policy shift.
According to the announcement on January 9, the BoJ would reduce its outright purchases of Japan government bonds with maturities of 10–25 years to ¥190 billion ($1.7 billion) in today’s (January 11) auction, instead of ¥200
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