- Bank of Japan Governor Masaaki Shirakawa expressed a negative view Tuesday on the central bank's direct purchase of government bonds, apparently to counter a policy option touched on by the leader of Japan's main opposition party ahead of a general election next month.
- The step "will have major adverse effects not only on fiscal reconstruction but also on the real economy," Shirakawa said at a news conference in Tokyo, while adding he was speaking about BOJ policies in "general terms."
Full article: http://english.kyodonews.jp/news/2012/11/195038.html
Analysis details (00:30)
- Shirakawa's comments are not entirely surprising as he would likely lose a lot of power if the main opposition party, the LDP, come into power, given their push to change the banks law.
21 Nov 2012 - 00:26 - Fixed Income - Source: Kyodo
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: