Bank of Japan to Buy BBB-Rated Corporate Debt, Nikkei Reports
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The Bank of Japan plans to buy BBB-rated corporate bonds and a-2 commercial paper as part of its latest monetary easing program to help companies obtain funds, the Nikkei newspaper reported.
Governor Masaaki Shirakawa and his policy board are expected to outline the framework of the program at their next meeting on Oct. 28 and discuss specifics at their November gathering, the newspaper said, without citing anyone.