BoJ to reduce its government bond purchases

Central bank will announce bond-buying details at next meeting and keeps rates unchanged

Bank of Japan
The Bank of Japan

The Bank of Japan (BoJ) kept interest rates unchanged today (June 14) but said it would reduce government bond purchases in the future.

At its two-day meeting, the BoJ’s policy board kept its short-term interest rate target in a range of 0–0.1% in a unanimous vote, according to its monetary policy statement.

The board said it would continue to buy Japanese government bonds (JGBs) at the current pace, around 6 trillion yen ($38 billion) per month. However, it voted 8–1 to come up with a “detailed

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