Bank of Japan to weigh future of JGB purchases at policy meeting

Balance sheet reduction seen as necessary step as central bank exits easing

20240607N BOJ

Most market watchers expect the Bank of Japan to scale down its JGB buying program in June or July, according to a QUICK survey. (Photo by Yutaka Miyaguchi)

Nikkei staff writers

TOKYO -- The Bank of Japan is expected to next week consider whether to scale back its roughly 6 trillion yen ($38 billion) in monthly government bond purchases as it moves toward policy normalization.

Members of the BOJ policy board will meet for two days through June 14.

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