The Bank of Japan will hold a monetary policy meeting on the 30th to 31st. The details of the decision will be announced around noon on the 31st, and President Ueda Kazuo's press conference will be held in the afternoon.
At the previous June meeting, a policy to reduce the purchase amount of long-term government bonds was decided, but the scale of reduction etc. was not shown, and it was decided that a specific reduction schedule for the next 1 to 2 years will be announced at the current July meeting.
At this July meeting,In addition to how much the pace of reduction in government bond purchases will be, the biggest focus is on the pros and cons of additional interest rate hikesIt becomes. According to the advance forecast,There is a large probability that neither rapid government bond purchase cuts leading to a rapid rise in interest rate levels nor interest rate hikes will be carried out, so it doesn't seem to be a major negative factor for the stock marketthat's it. Another background is that pressure on the Bank of Japan to raise interest rates is declining due to the current rapid appreciation of the yen. Conversely,If the market determines that the pace of government bond purchases and reductions is slower than expected, it will be a positive surprise for the stock market that weakens the yenThere is also a possibility that it will happen.
Consideration for avoiding rapid interest rate increases is positive for the stock market
When the Bank of Japan, which had been the largest buyer of government bonds until now, reduced purchases of long-term government bonds, the price of government bonds fell...