BOJ's bond holdings to shrink below maturing debt for the first time since 2008 in Q3 2022.

BOJ's Bond Holdings to Shrink for First Time Since 2008: Investors in Japan's government bonds could face both potential interest-rate hikes and a reduction in the Central Bank's bond holdings as soon as next quarter. The Bank of Japan's gross purchases are estimated to fall below maturing debt in the July-September period for the first time in 16 years. A modest ¥196 billion ($1.29 billion) shortfall is expected, with the gap increasing in 2025.