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BOJ raises benchmark interest rate, outlines roadmap for trimming bond buying program

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BOJ raises benchmark interest rate, outlines roadmap for trimming bond buying program

The Bank of Japan headquarters (top C) is seen in Tokyo on December 19, 2023.

Kazuhiro Nogi | Afp | Getty Images

Japan’s central bank has raised its benchmark interest rate to “around 0.25%” from it previous range of 0% to 0.1% and outlined its plan to taper its bond buying program.

The Bank of Japan said that it will reduce the monthly outright purchases of ********* government bonds to about 3 trillion yen per month in the January to March 2026 quarter.

The amount will be cut by around 400 billion yen per quarter, the BOJ added.

This is breaking news. Please check back for updates.



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#BOJ #raises #benchmark #interest #rate #outlines #roadmap #trimming #bond #buying #program

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