Boj Releases Summary of Market Views on Bond Taper Plan
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The Bank of Japan on Tuesday released a summary of opinions it collected in a survey of bond market participants on how the central bank should taper its huge bond purchases.
Some bond market participants called for reducing the BOJ's monthly government bond purchases to around 2 trillion to 3 trillion yen ($12.44-$18.65 billion), while others called on the bank to keep buying around 4 trillion yen, the BOJ said in the summary.
The outcome of the meeting will be taken into account when the BOJ lays out its bond-tapering plan later this month.
The BOJ currently pledges to buy roughly 6 trillion yen ($37 billion) in government bonds per month. It will announce a detailed plan on how to taper the bond purchases at its next policy meeting on July 30-31.
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