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Jun 17, 2025

Review: BoJ Keeps Rates Unchanged, But Slows The Pace of QT

Brunello Rosa

Nato Balavadze

by Brunello Rosa and Nato Balavadze

In this paper we discuss:

  • The BoJ’s assessment of the Japanese economy;
  • Today’s decision to taper the pace of QT from 2026; 
  • The motivations behind this choice; and
  • And the relatively muted market reaction.

Download PDF: BOJ Review June 2025

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