Reported 6 months ago
A leading dove on the Bank of Japan’s policy board, Toyoaki Nakamura, hinted at a potential reduction in bond purchases during the upcoming meeting next week. While discussing the state of economic recovery, Nakamura mentioned the possibility of a reduction in bond purchases as part of preparing for an exit strategy. Although a rate hike is not expected at the meeting concluding on June 14, Nakamura emphasized the need for careful consideration of the impacts of any bond-buying decisions. This cautious approach reflects concerns about the sustainability of wage increases and the need for stronger earning power in Japanese businesses, as Japan's economy faces challenges including a decline in consumer spending and high inflation.
Source: YAHOO