Reported 8 months ago
The Bank of Japan (BOJ) released the minutes of its June monetary policy meeting, where discussions on further interest rate hikes and reducing bond purchases took place. This led to speculation that the July meeting could mark a turning point in BOJ's monetary policy, pushing Japan's 10-year bond yield closer to the 1% level. While the BOJ maintained its 0.1% benchmark interest rate in June, concerns over rising costs potentially leading to inflation deviating from forecasts were raised, prompting considerations for adjusting the loose monetary policy. Although there were differing opinions among the board members on the timing of policy normalization, the meeting indicated a plan to announce detailed reduction in bond purchases at the next meeting in July.
Source: YAHOO