BOJ reduces purchase of 1-3 year JGBs (280 bln yen from 300 bln yen previous)

Bank of Japan making good on what it told us they were going to do during April
On Friday the Bank of Japan announced it will trim the amount of one- to three-year and three- to five-year JGBs it buys in April. Purchase amounts of longer-dated JGBs to remain unchanged.