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Central bank purchasing bonds below monthly target levels

The Bank of Japan

TOKYO -- The Bank of Japan has recently bought less government bonds than planned, indicating a willingness to temporarily lower purchases below target levels. 

On May 31, the BOJ announced it will buy 9.53 trillion yen ($87.2 billion) worth of long-term government bonds in June. That figure is 120 billion yen short of the 9.65 trillion yen the central bank needs to purchase in order to meet its target of injecting 80 trillion yen of liquidity into the financial system per year, according to Katsutoshi Inadome, a strategist at Mitsubishi UFJ Morgan Stanley Securities.

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