July 02, 2024 04:10 GMT
Reuters Survey Outlines Market Tapering Expectations
BOJ
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A Reuters survey conducted over the late June/early July period suggests the central bank's bond buying program will be cut by roughly $100bn in the first year.
- Reuters notes "That would translate into monthly purchases of 4.65 trillion yen, down from the current pace of around 6 trillion yen. In the second year, the respondents expect the purchase amount to fall to an average 3.55 trillion yen, the survey showed."
- This comes ahead of the BoJ's meeting with industry participants on July 9-10, where taper plans by the central bank will be discussed.
- The next BoJ meeting is at the end of July.
- See this piece from our Tokyo policy team on BoJ tapering plans.
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