Bank of Japan Governor Haruhiko Kuroda is certainly putting his money where his mouth was, after repeated expressions of concern about excessively low bond yields.
To be precise, he’s putting up less money -- in the regular BOJ bond-purchase operations that have served as a component of the central bank’s stimulus programs since Kuroda took office in 2013. The current buying pace would see the BOJ take just 5 trillion yen ($46 billion) of Japanese governments bonds (JGBs) in 2020, according to calculations by Yuki Masujima at Bloomberg Economics.
