News Headline Summary

Japanese opposition LDP Abe says would revise Bank of Japan law if necessary

Reaction details (23:21)

- No immediate reaction but USD/JPY has ticked approx. 10 pips higher in the 5 minutes after the comments, rising from 82.41 to 82.51.

Analysis details (23:24)

- This comment is a reiteration of the LDP's stance.
- The law change Abe is referring to is so that the central bank in Japan can buy construction bonds.

21 Nov 2012 - 23:15 - Fixed Income - Source: Newswires

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