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JGB yields rise as BOJ trims debt purchase amount
Yields on long-dated Japanese government bonds rose on Friday after the Bank of Japan (BOJ) trimmed the amount of debt it offered to buy at a regular market operation. Gains in Tokyo shares, which were up nearly half a percent by early afternoon trade, also weighed on JGB prices. The BOJ on Friday offered to purchase 160 billion yen ($1.43 billion) of 10- to 25-year JGBs, down from 180 billion yen at the previous operation last week. The central bank also trimmed its purchase of 25- to 40-year JGBs, reducing the amount it offered to buy to 40 billion yen compared to 50 billion yen previously. The BOJ often tweaks the ... (full story)