News Headline Summary
Japan opposition LDP executive says would have to revise BoJ law if government wants BoJ to buy foreign bonds for purpose of FX intervention
- If BoJ bought foreign bonds as part of monetary policy they wouldn't need to revise BoJ law.
- Will ensure central bank independence is maintained.
- Japan intervening unilaterally on FX would require thorough consultation with other countries.
21 Nov 2012 - 02:50
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