On June 13, according to Nikkei News, the Bank of Japan will consider gradually reducing its holdings of Japanese government bonds at a two-day policy meeting starting on Thursday, which is not only a step towards normalizing interest rates, but also towards normalizing quantitative measures. The Bank of Japan currently aims to buy about 6 trillion yen (about $38.50 billion) per month and has informed the market of its plan to buy bonds of 4.80 trillion to 7 trillion yen per month. The bank bought Japanese government bonds of 5.80 trillion yen and 5.70 trillion yen respectively in April and May. Some within the Bank of Japan are now discussing adjustments to this practice. It is understood that they want to lower the target range in stages, with the aim of slowly reducing their holdings of Japanese government bonds to prevent market turmoil.