BOJ’S UEDA: NOT THINKING ABOUT SELLING LONG-TERM JGBS AS TOOL TO ADJUST INTEREST RATES

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Bank of Japan (BoJ) Governor Kazuo Ueda spoke in the Japanese parliament on Friday, noting that he is “not thinking about selling long-term JGBs as a tool to adjust interest rates.”

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Reduction in JGB purchases would represent just 7-8% of balance sheet, not large reduction.

If economy moves in line with our projection, there will be phase where we can adjust interest rates a little further.



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