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Bank of Japan keeps rates steady while scaling back bond tapering
On Tuesday, the Bank of Japan (BOJ) wrapped up a two-day policy meeting and decided to leave its interest rate at 0.5%, which means that current monetary conditions will be maintained. The central bank also said it will buy fewer bonds next year, in an effort to curb potential market volatility.
The June 15–17 meeting focused on scaling back monthly securities purchases more gradually. According to Bloomberg, the adjusted tapering plan will take effect in the new fiscal year, with government bond acquisitions initially declining by 200 billion yen ($1.38 billion).
In the first three months of 2027, Japan is likely to reduce its monthly bond purchases to 2 trillion yen ($13.82 billion), thus matching the amount the BOJ bought to provide market liquidity before launching its large-scale monetary easing program in 2013, Bloomberg noted.
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