BOJ Monetary Policy Navigator

Will BoJ present plan to reduce JGB purchases/holdings?

• 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"