HOME > NATION > Article

Text Size

small

medium

large


(Update 2) BOJ to Reduce Govt Bond Purchases

(Update 2) BOJ to Reduce Govt Bond Purchases

   Tokyo, June 14 (Jiji Press)--Bank of Japan policymakers Friday voted to reduce the central bank's purchase amount of Japanese government bonds as part of efforts to normalize its monetary policy.
   The move is designed to "ensure that long-term interest rates will be formed more freely in financial markets," the BOJ said in a statement after its two-day monetary policy meeting.
   The BOJ's board voted 8-1 to reduce the purchase amount. It will decide on a detailed plan for the reduction over the next one to two years at its next policy meeting in July, the BOJ said.
   "We believe the reduction will be of a reasonable size," BOJ Governor Kazuo Ueda told a press conference after Friday's policy meeting.
   The central bank currently buys government bonds at a monthly pace of some 6 trillion yen. It holds as much as about 600 trillion yen's worth of government bonds as a result of its massive monetary easing policy launched in 2013.

To read a full story, please click here to find out how to subscribe.

NATION

HEADLINES

POLITICS
Japan Lower House Committee Advises Defense Chief Improve Info Management
ECONOMY
Tokyo Gas Says Unauthorized Access Causes Leak of 4.16 M. Customers' Data
SPORTS
MLB: Rookie Imanaga Throws 1 Shutout Inning at All-Star Game
OTHER
Japan News Media Assn Demands Generative AI Biz Obtain Permission, Be Accurate

AFP-JIJI PRESS NEWS JOURNAL


Photos