The Bank of Japan is likely
to keep interest rates ultra-low on Friday but consider whether
to start reducing its huge balance sheet in a slow but steady
retreat from its massive monetary stimulus. .
The Bank of Japan is expected
to keep interest rates steady on this week and consider whether
to offer clearer guidance on how it plans to reduce its huge
balance sheet, in a slow but steady retreat.
<p><span>I would like to thank the Bank of Japan and Governor Ueda for organizing this year s conference and for the invitation to participate in this afternoon s panel.</span><a href="https://www.federalreserve.gov/newsevents/speech/bowman20240528a.htm#fn1" title="footnote 1"><span>1</span></a><a name="f1"></a><span> The topic of "the effects of conventional and unconventional policy instruments" is an important one given central banks expanded use of unconventional monetary policy tools to pursue their mandates over the past decade and a half.</span></p>