BOJ’s is likely to do away with JGB purchase target - BBG

Bloomberg quoting people familiar with the BOJ discussion, citing that the Japanese central bank is expected to do away with the QE purchase target references from monetary policy statements in upcoming months.

Bloomberg reports, “The key directive for staff charged with implementing the BOJ’s new policy framework is managing the yield curve for short-term and long-term borrowing costs, with the quantity of bond buying now clearly secondary to this, said the people, who asked not to be named because the talks are private.”