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Japan's central bank trims bond purchases, prompting stimulus withdrawal talk

Reuters  |  HONG KONG 

HONG KONG (Reuters) - Speculation the Bank of Japan may slow its monetary stimulus this year gripped the currency market on Tuesday after the central bank trimmed the amount of its purchases of Japanese government bonds. While the bond-buying operations are usually seen as a routine affair, traders appeared to latch on to the BOJ announcement that it will buy less of the long-dated bonds, sending the dollar down about 0.5 percent against the yen."This (announcement) adds to speculation that BOJ may remove monetary stimulus," Maybank analysts said in a note after the announcement. BOJ ...

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First Published: Tue, January 09 2018. 11:37 IST