The proposal is set to be discussed at the central bank’s policy meeting on Monday and Tuesday and is expected to receive majority backing from board members.
Earlier, the Bank of Japan meet today and tomorrow and are expected to leave rates on hold. Eyes will be on JGB buying plans:
BOJ officials expect the benchmark interest rate left at 0.5%BOJ now expected to keep interest rates unchanged through to year-end - surveyBOJ expected to hold rates, slow pace of bond tapering amid market strainUpdates:
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