BOJ seen to trim bond purchases by $100B

By Reuters

Jul 03, 2024 12:26 am

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.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

US urges shippers, union to hold talks

Historic funding round values OpenAI at $157B

BoJ urged to keep monetary policy

Levi Strauss is considering selling Dockers brand

BoE's Bailey says bank could become 'more activist' on rate cuts

Britain's Tesco raises annual profit outlook after strong H1

Mixed US car sales in Q3 as industry hopes for post-election bounce