TOKYO -- The Bank of Japan on Friday decided to reduce its purchases of Japanese government bonds, but only after collecting views from market participants and working out reduction details for the coming one to two years at its meeting on July 30-31, signaling a cautious approach to a form of tightening that could impact the real economy.
Bank of Japan
BOJ leaves open possibility of rate hike, bond buy reductions in July
Governor Ueda expects "sizable" reductions in bond purchases
BOJ Governor Kazuo Ueda has left open the possibility of the BOJ choosing a rate increase and a balance sheet reduction at the same time in July. (Photo by Akitoshi Sugiura)
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