BOJ’s Iwata: BOJ may need to expand asset buying to push down yields
|Additional comments flowing in from the BOJ deputy governor Iwata, as he continues to speak on the bank’s monetary policy, via Reuters .
Key Headlines:
Will make a policy decision based on how any change in bond-buying pace could affect inflation expectations
BOJ may accelerate bond purchases if momentum to hit 2% inflation weakens but may slow buying if inflation approaches 2%
Waivered on whether to vote for BOJ decision to adopt neg rates given potential neg impact on bank profits
Current long-term rate moves don't pose neg impact on economy's momentum to hit 2% inflation target
BOJ may need to expand asset buying to push down yields
If long term rate rises are driven by improvements in economy BOJ may change amount of JGB buying
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