BOJ seen to trim bond purchases by $100B

TOKYO — Japan bond market participants expect the central bank to trim bond purchases by roughly $100 billion in the first year under a quantitative tightening (QT) plan set for release this month, according to a survey conducted by Reuters.

A Reuters survey of 19 banks, brokerages, insurers and asset managers conducted between June 25 and July 1 showed they expect the Bank of Japan (BOJ) to trim bond buying by an average of 16.1 trillion yen ($99.7 billion) in the first year.