News Headline Summary

Japan's ruling party tax chief Fujii says strongly opposed to inflation target and BoJ law change


- Excessive credit easing would result in return of economic bubbles.

Analysis details (04:21)

- A Bank of Japan law change is something which has been proposed by the main LDP opposition party in Japan.

- Mr. Abe, the leader of the LDP, renewed his pledge to undertake bold measures Saturday, suggesting he will ask the Bank of Japan to underwrite construction bonds, a type of Japanese government debt issued to finance infrastructure projects, once he returns to power. But such a move would require a change in Japan's laws: The underwriting of government bonds by the Japanese central bank is in principle banned under a law on state finances.

Full article:

19 Nov 2012 - 04:10 - Fixed Income - Source: Newswires/WSJ

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