BOJ to cut purchases of long-term JGBs in Feb

TOKYO, Jan 31 (Reuters) - The Bank of Japan said on Friday it will reduce purchases of government bonds (JGBs) with more than 10 years to maturity from February.

The BOJ said it would next month make two sets of purchases of JGBs with 10 to 25 years to maturity, each for between 50 and 200 billion yen.

The program for January was three transactions of between 50 and 150 billion yen.

It reduced the frequency of its purchase plans for 25-40 years to twice from three times, while keeping the size of purchases unchanged. (Reporting by Hideyuki Sano; editing by John Stonestreet)

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