Will BoJ present plan to reduce JGB purchases/holdings?
Key points
- We expect BoJ to keep short-term interest rate at "around 0~0.1%" at June 13-14 Policy Board meeting
- Focus is on JGB purchasing policy; Policy Board likely to present plan to reduce JGB holdings
- We expect BoJ to present reduction plan that will enhance predictability so that revision to JGB purchase operation is a "non-event"
