Mitsubishi's Shimomura Says BOJ to Buy Short Maturities

Hideo Shimomura, who helps oversee the equivalent of $67 billion in Tokyo as chief fund investor at Mitsubishi UFJ Asset Management Co., comments on the Bank of Japan (8301)’s policy decision today.

The BOJ announced said it will buy about 13 trillion yen ($146 billion) in assets per month beginning in January 2014, including about 2 trillion yen in government bonds and about 10 trillion yen in bills.

“At the moment, they are buying under three years. Though it wasn’t clearly announced, I suppose they won’t change. They will continue that. They’re not ready to expand and purchase the whole yield curve because it’s seen as monetizing the debt.”

To contact the reporter on this story: Wes Goodman in Singapore at

To contact the editor responsible for this story: Rocky Swift at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.