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"Bank of Japan to outline bond taper plan, debate rate hike timing"

Started by forex4you, Jul 31, 2024, 06:17 am

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"Bank of Japan to outline bond taper plan, debate rate hike timing"

Reuters have a piece posted that is a pretty good run down if you want another preview.

Earlier:

Overnight was leaky:

The Bank of Japan will detail plans to taper its huge Japanese Government Bond buying today.

  • will likely halve monthly bond buying in 1-1/2 to two years' time - a pace roughly in line with broad market forecasts

They'll also be debating whether to raise interest rates. See those posts on the leak above. Talking about hiking is not necessarily the same as hiking, of course.

Not everyone agrees there will be a hike. This is from before those leaks above:

Bank of Japan Governor Ueda will hold his press conference at 0630 GMT



                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: "Bank of Japan to outline bond taper plan, debate rate hike timing"

forexlive.com
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