The Bank of Japan (BOJ) kept its benchmark interest rate steady at around 0.5 per cent on Tuesday, while unveiling a phased plan to reduce its monthly Japanese government bond (JGB) purchases.
The BOJ plans to reduce monthly JGB purchases to around 2 trillion yen by Q1 2027. The cuts will be gradual, starting with 400 billion yen per quarter until Q1 2026, then 200 billion yen per quarter from Q2 2026.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama
