Bank of Japan Reportedly Considering Further Reduction in Bond Purchases

According to informed sources, Bank of Japan officials may discuss slowing down the pace of bond purchases at a policy meeting later this month. According to informed sources, officials may discuss further reducing the purchase scale on top of the current reduction of 400 billion yen per quarter. The focus of internal debate, according to informed sources, is whether to reduce the scale to 200 billion yen per quarter starting from April next year or to maintain the current pace. They stated that the amount could also range between 200 billion and 400 billion yen. Informed sources added that the new plan will cover approximately one year. (Jin10)