By Noriyuki Hirata, Makiko Yamazaki and Takahiko Wada
由平田典之，山崎真喜子和和田貴彥爲您提供幫助。
Tokyo, July 2 (Reuters) - Japan Bond Market Participants Expect the Central Bank to Trim Bond Purchases by Roughly $100 Billion In the First Year Under a Quantitative Tightening (Qt) Plan Set for Release This Month, According to a Survey Conducted by Reuters.
據路透社的一項調查顯示，日本債券市場參與者預計，央行將在本月發佈的量化寬鬆（Qt）計劃首年削減債券購買約1000億美元。
A Reuters Survey of 19 Banks, Brokerages, Insurers and Asset Managers Showed They Expect the Bank of Japan to Trim Bond Buying by an Average 16.1 Trillion Yen ($99.7 Billion) in the First Year.
路透社對19家銀行，經紀商，保險公司和資產管理公司進行了調查，他們預計日本銀行將在第一年削減平均16.1萬億日元（997億美元）的債券購買量。
That Would Translate Into Monthly Purchases of 4.65 Trillion Yen, Down From the Current Pace of Around 6 Trillion Yen. in the Second Year, the Respondents Expect the Purchase Amount to Fall to an Average 3.55 Trillion Yen, the Survey Showed.
調查顯示，這將導致每月購買額降至4.65萬億日元，低於當前的約6萬億日元。調查對象還預計，在第二年，購買金額將下降至平均3.55萬億日元。
Combined, It Would Amount to a Reduction of Roughly 45 Trillion Yen During the Two-Year Period.
兩年期間，總計將減少約45萬億日元。
Respondents of the Reuters Survey Were Divided on How Long the BOJ Will Keep Tapering With Nine Projecting It to Last for Two Years, While Two Thought It Will End in an Year. Several Others Thought the BOJ Will Keep Tapering Beyond Two Years.
調查結果顯示，路透社的調查對象在央行收縮週期上存在分歧，其中9人預計持續兩年，而有2人認爲它將在一年內結束。還有幾位調查對象認爲，日本銀行在兩年期限結束後將繼續收縮。
A Slight Majority Expected the BOJ to Adjust the Pace of Tapering Once a Month or Once Every Quarter, While Others Bet the Change Will Happen Less Frequently or on an Ad Hoc Basis.
略微佔多數的受訪者預計，日本銀行每月或每季度調整收縮速度，而其他人則認爲變化將不那麼頻繁或以按需爲基礎。
The Survey Was Conducted June 25-July 1.
該調查是在6月25日至7月1日期間進行的。
At a Policy Meeting Last Month, the BOJ Decided to Announce in July a Detailed Plan on How It Plans to Reduce Its Huge Bond Buying and Scale Back Its Nearly $5 Trillion Balance Sheet.
上個月的政策會議上，日本銀行決定在7月份公佈詳細的計劃，說明如何減少其大量債券購買並縮減其近5萬億美元的資產負債表。
The BOJ Said It Will Come up With a Taper Plan That Kicks off in August, and Covers a Period of "Around One to Two Years."
日本銀行表示，它將推出一項8月啓動的縮減計劃，涵蓋"約一到兩年的時間"。
Governor Kazuo Ueda Has Said the Amount Of Taper Will Be "Sizeable," Without Offering Details. the BOJ Will Hold a Meeting With Bond Market Participants on July 9-10 to Collect Their Views, Before Deciding on the Plan at Its July 30-31 Policy Meeting.
宇田和生行長表示，量化縮減的規模將是"可觀的"，但沒有提供細節。在7月9日至10日，日本銀行將與債券市場參與者舉行會議，了解他們的意見，然後在7月30日至31日的政策會議上決定計劃。
After Buying Bonds Aggressively for a Decade to Reflate Growth, the BOJ Has Seen Its Holding of Japanese Government Bonds (JGB) Balloon to 576 Trillion Yen - Roughly Half of Total Jgbs Sold in the Market.
爲了推動經濟增長，日本銀行在過去的十年裏大舉購買債券，使其日本政府債券（JGB）持有量膨脹到了576萬億日元，佔市場上出售的JGB總數的約一半。
Reducing the Holdings Is Part of the BOJ's Ongoing Efforts to Phase Out Its Massive Monetary Stimulus, Which Also Led to an End in March to Eight Years of Negative Interest Rates.
縮減持有量是日本銀行正在進行的大規模貨幣刺激計劃的一部分，該計劃還導致了長達8年的負利率的結束。
($1 = 161.5700 Yen)
（1美元=161.57日元）
(Reporting by Makiko Yamazaki, Noriyuki Hirata and Takahiko Wada; Additional Reporting by Leika Kihara; Editing by Lincoln Feast.)
（附加報道：木原蕾卡; 編輯：林肯嘉宴。）
((Makiko.yamazaki@Thomsonreuters.com; +81-3-4563-2805;))
((Makiko.yamazaki@thomsonreuters.com; +81-3-4563-2805;))