BoJ up­beat on econ­omy

The Pak Banker - - Front Page -

TOKYO: Ja­panese bond yields have not risen enough to se­ri­ously harm an econ­omy that is set to re­sume an ex­port-led re­cov­ery, a Bank of Ja­pan (BoJ) pol­i­cy­maker said, sug­gest­ing more mon­e­tary eas­ing is not im­mi­nent.

Yoshi­hisa Mo­ri­moto, a for­mer util­ity ex­ec­u­tive who joined the cen­tral bank's board in July, also sounded cau­tious about the Bank of Ja­pan buy­ing more risk as­sets, a sign that he may pre­fer govern­ment bonds to pri­vate debt if the cen­tral bank were to top up its as­set buy­ing fund. -PB News

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