But the Bank of Japan is another story, and it's expected to take some action, which will be announced in the early morning hours of Wednesday. Speculation points to a possible interest rate cut deeper into negative territory, tweaks to its assets purchase program or new rules on the duration of securities it will purchase in the bond market.
"I think the Bank of Japan is very important. They could change the amount [they purchase] to a range. I think people could view that as tapering, which I don't think they're going to do," said Rieder. He said the BOJ could stop buying bonds at the long end of the yield curve, which means long end r...
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