Central Banks
BOJ’s Lack of Detail on Bond Buying Cuts Leaves Yen Vulnerable
- Bank to set out buying plans for next one to two years in July
- Ueda avoids fueling losses by keeping door open to July hike
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The Bank of Japan is making investors wait until its July meeting for details on its paring of bond buying, leaving the yen vulnerable to further declines.
The central bank’s decision Friday to stand pat on interest rates was widely expected, but traders were surprised by it just flagging a cut in debt purchases without laying out any figures or a timeline.