Overview

• Many BOJ board members supported ending the intervention in long-term interest rates, advocating for market-driven mechanisms.
• The BOJ plans to gradually reduce its bond-buying program as market conditions stabilize following the policy shift.
• Financial markets are closely watching the BOJ's future moves, with expectations of reduced bond purchases to influence long-term yield increases.
• BOJ Governor Kazuo Ueda emphasized that monetary policy will not directly target the yen's value, despite market speculations.
• Government officials urge the BOJ to maintain low interest rates to support Japan's fragile economy amid policy changes.