




Japanese banks reportedly urged BOJ to halve monthly bond purchases by 2026 https://t.co/WtzOJPKkGx
MANY JAPANESE PRIVATE BANKS WHO MET WITH THE BOJ ON TUESDAY URGED IT TO HALVE MONTHLY BOND BUYING FROM CURRENTLY 6 TRLN YEN BY AROUND 2026 - SOURCES
#Japan | #BOJ to trim growth forecast, project inflation staying around target, sources say – Reuters

The Bank of Japan (BOJ) is considering significant changes to its bond-buying program, as revealed in a recent meeting with bond market participants. According to various sources, the BOJ received a range of opinions, including suggestions to reduce monthly bond purchases to around 2-3 trillion yen or maintain them at approximately 4 trillion yen. Japan's megabanks are advocating for deep cuts, with some proposing to halve the current monthly bond buying from 6 trillion yen by 2026. Additionally, the BOJ is expected to trim its economic growth forecast while projecting inflation to remain around its 2% target. Japan's Finance Minister Suzuki is closely watching the discussions, and the BOJ has released briefing material used at the meeting.