Addressing the post-policy meeting press conference on Friday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the Bank “decided to reduce JGB purchases to ensure long-term yields are formed more freely in markets.”
The BoJ kept the interest rate steady at 0% for the second meeting in a row in June.
Additional quotes
Important to reduce JGB purchases in a foreseeable manner, while ensuring flexibility to be mindful of stability in bond market
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