Japan’s Sato: BOJ will one day step back from its debt purchases

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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