BoJ's massive bond holdings pace seen expanding even more slowly in 2018 – BBG Survey

According to the latest Bloomberg survey, a majority of the economists surveyed believe that the BoJ will continue to slow its pace of massive bond buying in 2018.

Key Findings:

“The central bank will increase its Japanese government bond holdings by about 44 trillion yen ($392 billion) next year

That’s well below the BOJ’s 80 trillion yen annual guideline and a considerable drop from the 61 trillion yen increase that was seen in the 12 months through the end of November, according to calculations by Bloomberg.

More than a third of surveyed economists forecast the central bank will raise its target for 10-year bond yields next year from the current level of 0 percent.

None of the 44 economists surveyed by Bloomberg forecast any policy changes at the next BOJ board meeting on Dec. 20-21.”