Takatoshi Ito, professor at Columbia University whose name was floated as a potential candidate to take the helm of the Bank of Japan last year, explains why he thinks the central bank will reduce the amount of purchases of government bonds. BOJ Governor Kazuo Ueda’s policy board will hold its benchmark rate in a range between 0 and 0.1% at the Friday conclusion of its two-day gathering, according to all but one economist surveyed by Bloomberg. Ito, who also held senior positions in the Japanese Ministry of Finance and at the International Monetary Fund, speaks on "Bloomberg: The Asia Trade."