BOJ reduces September 5-10 year JGB buying programme

BOJ out with its JHB buying intentions for September
– reduces 5-10year buying to JPY 300-500bln vs 350-550bln prev
– other maturities unchanged
BOJ has committed to keeping the benchmark 10-yr JGB yield around 0% and it fell to a 4-month low this week amid the geopolitical concerns.