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The Bank of Japan will scale back purchases of super-long bonds in a move that risks deepening losses in the nation’s longest-dated debt.
The central bank will buy ¥345 billion ($2.3 billion) of notes due in 10 to 25 years every month next quarter, down from ¥405 billion in the July-September period, according to a statement on Tuesday. Purchases of bonds maturing in more than 25 years will be maintained at ¥150 billion.