BOJ cuts monthly bond purchase amount by 400 billion yen, as expected
The Bank of Japan (BOJ) announced a 400 billion yen reduction in its monthly bond purchases, continuing its gradual retreat from massive monetary stimulus. The BOJ will buy about 2.9 trillion yen of Japanese government bonds monthly in the first quarter. Reductions were seen across bonds with maturities from one to 25 years, while the shortest and longest securities remained unchanged. This move is part of the BOJ's quantitative tightening plan announced in July 2024.
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