Mitsubishi's Shimomura Says BOJ to Buy Short MaturitiesWes Goodman
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’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.”