Get your long-duration popcorn ready….

‘At this month’s meeting, the BOJ will also release details of a quantitative tightening plan on how it will taper its huge bond buying in the coming one to two years, and shrink its nearly $5 trillion balance sheet.

The BOJ is likely to taper its bond purchases gradually in several stages at a pace roughly in line with dominant market views, to avoid causing an unwelcome spike in yields, the sources said.

That heightens the chance the BOJ would roughly halve monthly bond purchases in 1-1/2 to two years’ time - a pace advocated by a sizeable number of participants in a meeting last week between the bank and financial institutions.’