BOJ Tapering Sees Bond Buying Slow Toward 70 Trillion Yen
- 80 trillion yen target seen axed once market conditions allow
- ’Main scenario’ is target gone in 2017, strategist says
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The Bank of Japan has signaled it’s shifting away from a quantitative easing framework for monetary stimulus -- and it shows.
While BOJ policy makers technically have retained their target for the annual increase in government bond holdings at 80 trillion yen ($699 billion), there are signs the buying may come in closer to 70 trillion yen. For the year so far, the tally is 71.7 trillion yen, versus 75.3 trillion over the same period last year, data compiled by Bloomberg show.