BOJ Sounds Out Market Players Before Finalizing Bond-Buying Cuts

-- The Bank of Japan will speak face-to-face with market participants over the next couple of days in key meetings aimed at gauging a realistic pace for a reduction of its bond purchases to be announced later this month.Morgan Stanley’s Wilson Says a 10% Stock Market Correction Is ‘Highly Likely’Biden’s Biggest Donors Left Powerless to Sway Him to End Bid

“The BOJ likely has some plans already,” said Naomi Muguruma, chief fixed-income strategist at Mitsubishi UFJ Morgan Stanley Securities Co. “What it wants to show is a stance of proceeding cautiously by hosting the gatherings.” Ueda said the size of the reduction would be “sizable” while declining to elaborate further at a post-meeting press conference on June 14. Takahide Kiuchi, a former BOJ board member, said Ueda’s comments implied the reduction would be bigger than the expected first cut.

The BOJ ended its large-scale easing in March but decided to keep buying roughly the same amount of bonds to avoid triggering shockwaves in financial markets.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Market tech concentration may persist for years: Market trendsMarket concentration continues to narrow in on Big Tech. With no large catalysts, the market can maintain this pattern for some time, data suggests. Still...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Amazon's $2T market cap, jobless claims: Market trendsYahoo Finance's Josh Schafer joins Asking for a Trend to break down his biggest takeaways from the trading day. Amazon has reached a $2 trillion market...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Market leadership in flux, bitcoin in trouble: Market takeawaysYahoo Finance's Jared Blikre joins Asking for a Trend to break down his key takeaways from the trading day. Blikre explains that stock market leadership is...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Nvidia tops Microsoft's market cap, weather risks' impact on housing: Market DominationOn today's episode of Market Domination, co-hosts Josh Lipton and Julie Hyman explore Nvidia's (NVDA) market cap dominance, trending tickers, and the impact ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Market outlook, Despicable Me 4: Market Domination OvertimeUS stocks (^DJI, ^IXIC, ^GSPC) close out Monday mixed, but it's not all bad as the S&P 500 and Nasdaq Composite post new record highs and the Dow Jones...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »