Briefings

Week InReview: June 14, 2024

BOJ prepares to deliver a policy decision.

Japan's turn | It's the Bank of Japan's turn to deliver a policy decision two days after the Federal Reserve. Japanese policymakers are widely expected to reduce bond purchases while holding the benchmark rate in a range between 0 and 0.1%. More than half of the economists surveyed by Bloomberg said the BOJ will slow the pace of bond buying from roughly ¥6 trillion ($38.2 billion) per month. That would be its first clear step toward quantitative tightening after it ended its massive stimulus program in March.

 

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