BOJ to weigh cuts to government bond purchases
TOKYO -- The Bank of Japan will consider gradually reducing its Japanese government bond holdings at a two-day policy meeting that starts Thursday, Nikkei has learned, taking a step toward normalizing not just interest rates, but the quantitative side as well.
To prevent sharp swings in long-term interest rates, the BOJ has continued to purchase large amounts of JGBs even after ending the negative interest rate policy in March.