📝BoJ May Slightly Taper Bond Purchases In FY26: MUFG

BoJ likely to leave policy rate at 0.5% at June MPM amid highly uncertain out look.

We do not expect any changes to existing plans for reducing bond purchases and see little need for Bank to alter pace of cuts in FY26

However, desire to demonstrate commitment to JGB market stability may prompt BoJ to trim quarterly reductions in monthly bond purchases to JPY300 billion starting in FY26. - MUFG