More adjustment needed to JGB purchases – BoJ board member
Takata says current plan will increase supply to early 2000s levels, with potentially destabilising effects
A Bank of Japan board member has said the amount of domestic government bonds on the market is expected to peak next year, and that the bank should make further adjustments to its plans for purchasing the instruments.
In a speech published today (July 3), Hajime Takata said that since the BoJ began reducing its Japan government bond (JGB) purchases last year, the supply of the instruments to the market had been increasing.
He estimated that the figure for the current fiscal year – which ends on
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