In Japan, major banks are calling on the Central Bank in Japan to sharply reduce its monthly bond purchase program, and will hold a monetary policy meeting on July 31 to announce its bond purchase plan for Japan. Next 1-2 years. The huge amount of bonds that the BOJ is holding can lead to large fluctuations in the market when the BOJ reduces purchases. Reducing the bond buying program could help ease devaluation pressure on the yen, but could also cause the yen exchange rate to fall further if done half-heartedly.

Major banks are calling on the Central Bank in Japan to reduce its monthly bond purchase

Jul 11 2024

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