Bank of Japan official: No need to make major adjustments to existing tapering program

On May 22nd, the Bank of Japan's deliberator Asahi Noguchi said that he personally does not think that there is a need to make major adjustments to the existing Bank of Japan's tapering program. The Bank of Japan can spend enough time to shrink its balance sheet, which is beneficial to market stability. Regarding the tapering program from April 2026, we need to carefully evaluate it from a longer-term perspective.