Reported 7 months ago
On June 14, 2024, the Bank of Japan (BOJ) announced at the end of a 2-day policy meeting that it plans to reduce its monthly purchases of government bonds, currently at around 6 trillion yen. The BOJ aims to further normalize its monetary policy by deciding on specific reduction plans over the next 1-2 years at a meeting scheduled for July. While maintaining short-term market interest rates around 0% to 0.1%, the BOJ intends to encourage the formation of long-term interest rates in the financial market in a more flexible manner. The BOJ's Governor, Kikuo Iwata, will provide details on this decision at a press conference scheduled for later in the day.
Source: YAHOO