BOJ hikes to 1%
No more bond purchase tapering from April 2027
As per forecast, the BoJ has hiked rates by 25bps to 1% with a 7-1 vote. Bond purchase tapering will stop from April 2027, at 2 trillion JPY per month while the existing trajectory of 200 billion cut per quarter persists. The BoJ will no longer conduct interim assessment on bond purchase but will always be ready for yield spikes.
It looks like a well balanced move from the BoJ to cope politically. USD/JPY is trading 0.06% lower at 160.23.