BOJ board member Funo still up to the rostrum 31 Aug
- review will scrutinize what steps are effective in accelerating achievement of 2% price target
- mon pol is to achieve price target not influence FX moves
- MOF has jurisdiction over FX intervention so BOJ buying foreign bonds for purpose of affecting FX rates would be hard
Abe adviser didn't seem to think so earlier.
- it is possible for BOJ to decide on buying foreign bonds at policy meetings, though current mandate isn't made to use policy tools to affect FX moves
Meanwhile USDJPY steady at 103.06
BOJ's Funo - No change in price target
