Japan’s Sato: BOJ will one day step back from its debt purchases
|Citing the head of the department that oversees debt issuance at Japan's Ministry of Finance, Michio Sato, aka Mr. JGB’, Bloomberg reports, “investors should start preparing for a return to normal Japanese bond trading as the central bank will one day step back from its debt purchases.”
“Ministry of Finance has already started looking into a comprehensive review to ensure there’s sufficient depth and liquidity in the market,” Sato added.
Market reaction
USD/JPY remains unfazed by the above comments, trading at 133.80, down 0.04% on the day, at the press time.
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