Some at BOJ Are Said to Still Favor JGBs in Any Stimulus Boost
- Bond buying has been core of easing since Kuroda took office
- Kuroda, Nakaso highlighted powerful effect of negative rate
The Yield-Curve Woes Facing the BOJ
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Some Bank of Japan officials still favor stepping up purchases of government bonds if the board decides it needs to expand stimulus, according to people familiar with the discussions.
Their views suggest that cutting a key interest rate deeper into negative territory, or expanding purchases of risk assets such as real-estate investment trusts, aren’t the only options if the board concludes at the end of the BOJ’s comprehensive review that more action is needed.