The Bank of Japan said Friday it has lowered the range of its purchases of long-term Japanese government bonds following the recent drop in bond yields. The range of long-term bond buying operation per operation was reduced to a range of Y250 billion to Y550 billion from the previous range of Y300 billion to Y650 billion. The BOJ left the frequency of its JGB purchases unchanged in September from August. But the bank said that it may increase the frequency as needed. It also said that the bank "will conduct purchases in a flexible manner, taking account of market conditions, aiming to achieve the target level of a ... (full story)