TOKYO -- The Bank of Japan is quietly scaling back its massive bond purchases for the third time since the 2016 launch of its so-called yield curve control policy, as the central bank no longer needs to move as aggressively to hold down interest rates.
Bank of Japan
Bank of Japan sets stage for normalization with 3rd stealth taper
Bond purchases fall to lowest in almost 2 years as yield curve control eases
The Bank of Japan has cut back on bond purchases as interest rates stabilize below its 1% reference point. © Reuters
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