BoJ’s Nakamura: Appropriate to conduct bond taper in predictable manner

Bank of Japan (BoJ) Executive Director Koji Nakamura said on Tuesday that it’s appropriate to conduct a bond taper in a predictable manner. Nakamura further stated that he will listen to views of various market players in compiling a new bond taper plan at the June policy meeting.

Key quotes

Will listen to views of various market players in compiling new bond taper plan at June policy meeting.

Our bond taper so far has helped improve market functioning but we are mindful our presence in bond market remains big.

Appropriate to conduct bond taper in predictable manner.

Market reaction

At the time of writing, the USD/JPY pair is trading 0.08% lower on the day at 157.55.