BOJ Shouldn’t Buy Foreign-Currency Bonds, EX-MOF’s Utsumi Says

BOJ Shouldn’t Buy Foreign-Currency Bonds, EX-MOF’s Utsumi Says

Tomohiro Ohsumi/Bloomberg

The Bank of Japan headquarters in Tokyo. The Bank of Japan should reject calls for it to buy foreign currency bonds to weaken the yen because such a move would hurt its independence, said Makoto Utsumi, a former top currency official.