Explainer-What will BOJ's quantitative tightening look like?

Quick Summary:

TOKYO : The Bank of Japan may offer guidance on how it plans to reduce its $5-trillion balance sheet at its policy meeting on Friday, in a slow but steady retreat from its massive monetary stimulus.

With inflation exceeding its 2 per cent target, the BOJ plans to raise short-term interest rates steadily to levels that neither cool nor overheat the economy - seen by analysts as being anywhere between 1-2 per cent.

At 125 per cent times Japan's gross domestic product (GDP), its balance sheet is five times the Fed's in ratio-to-GDP terms.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Balance Bank Bond Sheet Trillion Policy Means Cent Quantitative Tightening Japan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-13 @ 10:33:30 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 660 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21241725

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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