Japan not planning to buy foreign bonds with public-private fund
Feb 19, 2013
Japanese Finance Minister Taro Aso said the government has no intention of buying foreign bonds through a public-private fund, 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 Bank of Japan. Aso’s remarks contrast with those of Prime Minister Shinzo Abe, who told parliament yesterday that buying for