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Japan's central bank trims bond purchases, prompting taper talk

Reuters  |  TOKYO/HONG KONG 

TOKYO/HONG KONG (Reuters) - Speculation the Bank of Japan may wind back its monetary stimulus this year gripped markets on Tuesday after the central bank trimmed the amount of its purchases of Japanese government bonds. 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 and the longer dated 20- and 40-year bond yields up to their highest in a month.While the move was in line with the BOJ's subtle reduction in its bond buying, the so-called 'stealth tapering', traders said it highlighted ...

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First Published: Tue, January 09 2018. 13:47 IST
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