摩根大通：日本央行本周料发出QT节奏切换信号

Core Viewpoint - The market anticipates that the Bank of Japan will maintain its current policy interest rate at 0.5% this week, with a focus on potential adjustments to its bond purchasing plan [1] Group 1: Monetary Policy - The Bank of Japan is expected to continue reducing its government bond purchases at a pace of 400 billion yen per quarter until March 2026 [1] - After the end of the Yield Curve Control (YCC) policy, the Bank of Japan's Governor Kazuo Ueda indicated that government bond yields should be determined by the market [1] Group 2: Future Projections - Morgan Stanley predicts that after March 2026, the Bank of Japan may slow the reduction pace to 200 billion yen per quarter and gradually decrease monthly bond purchases to approximately 2.1 trillion yen by March 2027, potentially halting further reductions thereafter [1]