Gap between banks wanting rate hikes and the Bank of Japan?!

6/14Bank of Japan(Hereinafter, the BOJ)announced at its monetary policy meeting that while the current zero interest-rate policy will be maintained, it will also formulate a concrete plan to reduce its purchases of government bonds over the next about 1-2 years at the next meeting. This explains the gap between market expectations for a rate hike and the BOJ's meeting communication, and discusses the direction of the USD/JPY exchange rate.