key takeaways
- The Bank of Japan (BOJ) unsurprisingly left its policy rate unchanged and, as signaled beforehand, announced an adjustment to its plan to taper bond purchases in light of concerns about the functioning of bond markets.
- However, while BOJ Governor Ueda Kazuo stressed flexibility in the bank’s policymaking and voiced concerns about global risks, the bank is still determined to step back from its outsized role in the bond market and gradually move interest rates towards the neutral rate.
Japan Foresight 