BoJ Iwata: BoJ unlikely to conduct debt selling operations any time soon

Market news

21 March 2017

BoJ Iwata: BoJ unlikely to conduct debt selling operations any time soon

BoJ can use rates on excess reserves and mkt operations to prevent inflation from getting out of control
Undesirable to create economic bubbles
Weak yen has some minus points, can't say it should weaken continuously
Difficult to narrow output gap with weak yen
BoJ not trying to reach 2 pct inflation target with weak yen
Don't expect yen to continually weaken due to rate spreads

Major European stock exchanges trading in the green zone: FTSE 7434.60 +4.79 + 0.06%, DAX 12067.45 +14.55 + 0.12%, CAC 5026.86 +14.70 + 0.29%

Positive start of trading on the main European stock markets is expected: DAX + 0.1%, CAC 40 + 0.1%, FTSE flat

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