Hirofumi Suzuki, Chief Forex Strategist at Sumitomo Mitsui Banking Corporation, said on June 14 that it is surprising that the Bank of Japan did not make a decision to reduce bond purchases this time. The Bank of Japan stated that it will decide on the specific bond purchase reduction plan for the next one to two years at the next meeting. Therefore, this result is considered dovish. For the forex market, this may be one reason for the depreciation of the yen.