BOJ to Consider Market Stability When Tapering JGB Buying: Ueda

   Tokyo, June 17 (Jiji Press)--Bank of Japan Governor Kazuo Ueda said Tuesday that the central bank will taper its purchases of Japanese government bonds in a predictable way while paying attention to market stability.
   His remark came after the BOJ decided at its policy-setting meeting through the same day to slow the pace of reductions in its JGB purchases, from 400 billion yen every quarter at present to 200 billion yen, starting next April.
   The BOJ made the decision following its review of financial market trends, such as movements of superlong-term interest rates in April and May, Ueda said. The decision is also aimed at forestalling future instability in interest rates and the JGB market, he said.
   The central bank will review its JGB buying reduction plan at its policy meetings if necessary, he added.

(2025/06/17-16:46)

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