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]

Core Viewpoint - A dissenting opinion was expressed by Bank of Japan committee member Naoki Tamura regarding the decision on the bond reduction plan [1] Group 1 - The Bank of Japan is considering a bond reduction plan, which has sparked differing views among its committee members [1] - Naoki Tamura's disagreement highlights potential divisions within the Bank of Japan regarding monetary policy direction [1]

Core Viewpoint - The Bank of Japan will maintain its current bond reduction plan unchanged until March 2026 [1] Group 1 - The decision reflects the Bank of Japan's commitment to its monetary policy framework [1] - The bond reduction plan is part of a broader strategy to manage economic conditions and inflation [1] - The timeline extension indicates a cautious approach towards economic recovery and market stability [1]

金十数据5月28日讯，日本央行行长植田和男周三表示，央行将警惕超长期债券收益率大幅波动可能影 响短期借贷成本并对经济产生更大影响的风险。这番话凸显出日本央行越来越关注近期超长期债券收益 率的震荡走势， 这可能会影响央行下月就债券缩减步伐进行的讨论。日本央行公布的一份调查摘要显 示，许多债券市场参与者似乎都呼吁从2026财年起维持或略微放缓缩减步伐。市场关注的焦点是日本央 行在6月16-17日举行的下一次政策会议上作出的回应，届时日本央行将审查现有债券缩减计划，并提出 下一财年及以后的计划。 日本央行警惕超长债收益率波动对借贷成本的影响 ...

Core Viewpoint - The Bank of Japan's policy on bond reduction should focus on avoiding market disruption, and there is no urgency to cut its large bond holdings starting from the next fiscal year [1] Group 1 - The Bank of Japan's board member, Noguchi Akira, emphasized the importance of a careful approach to bond reduction to maintain market stability [1] - The central bank's large bond holdings are not expected to be reduced hastily, indicating a cautious stance towards monetary policy adjustments [1]

Core Viewpoint - The recent rise in long-term interest rates is unlikely to have a direct impact on the new bond reduction plan that will be decided in June by the Bank of Japan [1] Group 1 - The Bank of Japan's committee member, Asahi Noguchi, commented on the potential effects of rising long-term interest rates [1]

Core Viewpoint - The recent rise in long-term interest rates is unlikely to have a direct impact on the new bond reduction plan that will be decided in June by the Bank of Japan [1] Group 1 - The Bank of Japan's committee member, Asahi Noguchi, commented on the potential effects of rising long-term interest rates [1]

Core Viewpoint - The Bank of Japan's policy committee member, Noguchi Akira, believes there is no need for significant changes to the existing bond reduction plan, which is set to continue until March next year [1] Group 1 - The current bond reduction plan will remain in effect until March 2024 [1] - Noguchi emphasizes the importance of taking a long-term perspective regarding the reduction plan post-April 2026 [1] - The Bank of Japan has sufficient time to manage the reduction of its balance sheet [1]