TOKYO -- Japanese government bond purchases by the Bank of Japan fell 36% from the previous year's peak to 87.6 trillion yen ($579 billion at current rates) in fiscal 2023, data published Monday shows, as the market shifts focus to when the central bank will start shrinking its balance sheet.
The BOJ ended its negative interest policy as well as its yield curve control, which aimed to keep the 10-year JGB yield around 0%, at its March 19 meeting. The bank also scrapped its "inflation-overshooting commitment" to keep expanding the monetary base until inflation reliably tops 2%.
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