I am now taking log backups daily after a long gap(1.5 years). Now when I run,
DBCC SQLPERF('logspace')
Result,
Database Log Size (MB) Log Space Used (%) Status
master 1.742188 64.09753 0
tempdb 51.17969 33.19341 0
model 0.9921875 48.4252 0
msdb 4.554688 55.6711 0
MyDb 15618.68 0.7029594 0
Should I shrink the log file. If yes then how?