BoJ: Comparing with overseas central banks, a reduction of ¥2-3 trillion is desired

Following the conclusion of the first day of meeting with market participants, the Bank of Japan (BoJ) said that it “received various views from participants in the survey including idea to reduce monthly buying to around ¥2-3 trillion, or to keep buying around V4 trillion.” “Opinions from bond market participants on pace of tapering included idea to taper at set pace swiftly, or taper swiftly at set pace then taper moderately in several stages, or reduce buying gradually over two years,” the BoJ said.