Bank of Japan decides to reduce bond purchases

TOKYO, June 14 (Xinhua) -- The Bank of Japan (BOJ) on Friday decided to reduce its purchases of Japanese government bonds, in a further step toward policy normalization after years of massive monetary stimulus to achieve stable inflation.

At the end of a two-day policy meeting, the central bank said it will announce details of its plan to cut the long-term government bond buying in the next meeting.

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