BOJ March Plan Would Taper Bond Buying by 18% in Coming Year
- Central bank will buy 66 trillion yen of debt, analysis shows
- BOJ has been buying fewer super-long bonds as yields decline
The Bank of Japan headquarters.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
The Bank of Japan’s bond-purchase plan for March puts policy makers on track to miss an annual target, leaving investors debating whether they’re witnessing a stealth tapering.
Calculations based on the plan released Feb. 28 suggest a net 66 trillion yen ($575 billion) of purchases if the March pace were to be sustained over the following 11 months. That’s 18 percent less than the official target of expanding holdings by 80 trillion yen a year.