9 Aug 2016
Nikkei: BOJ weighs bond-buying tweaks
The Nikkei carrying a story this Tuesday, noting that the Bank of Japan (BOJ) is grappling with adjusting its monetary easing trajectory against a backdrop of the Japanese bonds purchases reaching a limit.
Key Quotes:
“The central bank plans to conduct a "comprehensive assessment" of its monetary policy in September, and many within the BOJ say it presents a good opportunity to make small corrections to the JGB purchase program”
“The topic is drawing attention now because the bank's bond purchases have reduced market liquidity significantly“
“If the central bank continues to increase its JGB holdings by 80 trillion yen ($780 billion) a year -- the target agreed on in the July policy meeting -- then supplies are seen drying up in a year or two”