Bank of Japan to debate rate hike, outline bond taper plan

From channelnewsasia.com

The Bank of Japan is expected to detail plans to taper its huge bond buying on Wednesday and debate whether to raise interest rates, signalling its resolve to steadily unwind a decade of massive monetary stimulus. The decision comes as the U.S. Federal Reserve looks to cut interest rates, possibly as early as September, reversing an aggressive rate-hike cycle that drove up the dollar and caused a painful yen sell-off for Japan. At the two-day meeting ending on Wednesday, the BOJ will decide on a quantitative tightening (QT) plan that will likely halve monthly bond buying in 1-1/2 to two years' time - a pace roughly ... (full story)