TOKYO — The Bank of Japan is likely to trim its monthly bond buying by around 2 trillion yen ($12.7 billion) in new guidance due next month but forgo raising interest rates at least until September, former board member Makoto Sakurai said on Monday.
TOKYO — The Bank of Japan is likely to trim its monthly bond buying by around 2 trillion yen in new guidance due next month but forgo raising interest rates at least until September, former board member Makoto Sakurai said on Monday.At its policy meeting on Friday, the BOJ decided to start trimming its huge bond purchases and announce a detailed plan in July on reducing its nearly $5 trillion balance sheet, taking another step toward unwinding its massive monetary stimulus.
But with the governor having said the size would be 'significant,' there's a good chance it will taper by around 2 trillion yen,' Sakurai told Reuters in an interview.The BOJ currently buys roughly 6 trillion yen of government bonds per month with an allowance of 5-7 trillion yen.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BoJ to scale down its bond-buying programTOKYO — The Bank of Japan (BoJ) is expected to hold interest rates steady on Friday but reports have said it could gradually reduce its vast hoard of government bonds as it shifts away from a long-running ultra-loose monetary policy.
Read more »
PH stocks tumble, Nikkei rises as BoJ delays tighteningDefining the News
Read more »
Japan government bond yields dropTOKYO — Japanese government bond (JGB) yields fell on Tuesday ahead of the Bank of Japan's (BoJ) policy meeting this week, with expectations that the pace of the central bank's tapering will be gradual.
Read more »
Japan inflation slows to 2.2% in AprilTOKYO - The pace of Japanese inflation slowed in April to 2.2 percent as gas bills fell, government data showed on Friday, with the figure remaining above the Bank of Japan's (BoJ) 2-percent target.
Read more »
Tokyo City Hall is developing a dating app to encourage marriage and childbirthTOKYO (AP) — Called 'Tokyo Futari Story,' the city hall's new initiative is just that: An effort to create couples, 'futari,' in a country where it is increasingly common to be 'hitori,' or alone.
Read more »
Tokyo govt to launch dating app to boost birth rateLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »