The Bank of Japan still have an official target for their annual increase in government bond holdings at 80 trillion yen
But it appears their buying is slowing
For the year to date the total so far is 71.7 tln yen (vs. 75.3 tln over the same period last year)
The new yield curve control framework is targeting short- and long-term interest rates
Reports Bloomberg:
- "The BOJ is not going to need to purchase 80 trillion yen to keep the yield curve under control," said Tomo Kinoshita, chief market economist at Nomura Securities Co. in Tokyo. "At some point in time they are going to drop the language on 80 trillion yen."
