Aso Says Japanese Government Not Planning Foreign Bond Buys

Japanese Finance Minister Taro Aso said the government has no intention of buying foreign bonds through a fund with the Bank of Japan, comments that caused the yen to strengthen.

“We don’t intend to buy foreign bonds,” Aso told reporters in Tokyo, when asked if such a fund is planned. He also said that the government is not considering any immediate change to the law governing the BOJ.