Economics Minister Maehara: His view is that BOJ can buy foreign bonds as way to expand monetary base
BOJ Governor Shirakawa: Sees no need for BOJ to buy foreign bonds to offer liquidity as there are many other assets it can buy instead
Finance Minister Jojima: Up to BOJ to decide what kind of assets it buys in offering liquidity to markets
Finance Minister Jojima: Yen strength poses downside risk to economy
Finance Minister Jojima: BOJ foreign bond buys need cautious approach. Important buys not seen as intervening (heaven forbid)
The effect of all the various rhetoric seems to be pretty much……………………..zilch, nada, sweet fa
It’s just nice to see everyone on the same page
