Global EconomyIMPORTANT
BoJ summary of meeting with investors: one participant said the need for further tapering of bond purchases is not high; participant said there is no need for further tapering of bond buying
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It is appropriate for the BoJ to maintain the current pace of bond buying at JPY 2.1tln per month. Operating costs remain under pressure from wage inflation arising from regulatory cost increases. BoJ should continue buying JGBs at a certain size to supply money in line with economic expansion. One participant said the BoJ should act nimbly, such as conducting emergency bond-buying operations as needed when the bond market destabilises.
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