Bank of Japan bond purchases shrank 36% in fiscal 2023

Buying seen staying flat for now, but speculation on tightening grows

20240401N BOJ

The Bank of Japan indicated it will maintain an accommodative environment despite its policy shift in March. (Photo by Yuji Murakami)

SHIORI GOSO, Nikkei staff writer

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.

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