BOJ Weighs Reducing Bond Buys as Early as June Meeting
- Bank isn’t intending to surprise bond traders: people familiar
- JGB bond futures pare gains, yen strengthens after news
The Bank of Japan headquarters in Tokyo.
Photographer: Shoko Takayasu/BloombergThis article is for subscribers only.
The Bank of Japan is likely to discuss the reduction of bond purchases as early as its policy meeting next week, according to people familiar with the matter.
BOJ officials will probably consider if the timing is appropriate to slow the pace of bond buying from the current roughly ¥6 trillion ($38.4 billion) per month and whether they need to provide more details on the outlook to improve predictability, according to the people. The bank concludes its two-day policy meeting on June 14.