日本央行维持目标利率在0.5%不变，连续第三次会议按兵不动！日本央行计划明年放缓缩减购债规模的步伐

Group 1 - The Bank of Japan maintains its target interest rate at 0.5%, aligning with market expectations for the third consecutive meeting [1] - The Bank of Japan plans to reduce its monthly government bond purchases, with an expected total of approximately 2 trillion yen from January to March 2027, and will decrease the purchase amount by about 200 billion yen each quarter starting from April 2026 [3][4] - The Japanese economy is showing signs of moderate recovery, although some weaknesses remain, and inflation expectations have risen moderately [3] Group 2 - The future direction of global trade policies remains highly uncertain, and the impact of these policies on financial and foreign exchange markets must be closely monitored [4] - By March 2027, the Bank of Japan's holdings of Japanese government bonds are expected to decrease by approximately 16-17% from the levels in June 2024 [4] - The Bank of Japan will conduct a mid-term evaluation of the bond reduction plan in June 2026, focusing on the period from April 2026 and beyond [4]