Bank of Japan cuts purchases of Japanese government bonds

TOKYO, May 13 (Xinhua) -- The Bank of Japan (BOJ) on Monday announced a reduction of the amount of Japanese government bonds it offered to buy in a regular purchase operation.

The central bank offered to buy 425 billion yen (about 2.73 billion U.S. dollars) in Japanese government bonds with five to 10 years left to maturity, down 50 billion yen from the previous such operation.

The benchmark yield on the