I posted earlier on : Bank of Japan bond buying program for May will be published today

  • Due at 0800GMT

Nomura expect the Bank will cut its planned purchases for bonds in the 1 to 5-year maturity government bonds

  • by 50b yen for debt maturing in 1 to 3 years & 3 to 5 year
  • Citing tight supply

Nomura also note:

  • BOJ may want to cut buying in maturities over 25 years to increase yields to help insurers
  • Unlikely to change for 5-to-10-year
  • Small chance of cutting 10 to 25 yr, this would impact the 10-year yield