Bank of Japan (BOJ) Governor Kazuo Ueda said on Thursday (Jan 6) it would be appropriate to reduce the central bank's bond buying as it moves toward an exit from massive monetary stimulus. In March, the BOJ made a landmark shift away from its radical monetary stimulus by ending eight years of negative interest rates and yield curve control (YCC), a policy that caps the benchmark 10-year yield around 0 per cent with huge bond buying. But it pledged to keep buying roughly ¥6 trillion (US$38.5 billion) worth of government bonds per month to stop the March policy shift triggering an abrupt spike in yields. "We are still ... (full story)